David has been saying for some time that, for the very reason you say, the daily XJO charts are NEVER accurate. I have been extremely lazy about this and just assumed that the charts would be adjusted to account for the staggered opening times, but we have been discussing it back and forth since yesterday afternoon without actually checking.
Now we have finally checked it would appear that you, and David, are correct. The whole market is not open until approx 10.10 and if you take 10.10 as a starting point yesterday's candle was a large green candle which formed the second day of a meeting lines or counter-attack pattern not a hammer pattern. Not quite sure where that leaves us since plenty of TAs will be looking at unadjusted charts. Metastock makes no adjustment and e-trade is just plain wrong any way you look at it.
I've posted a one minute chart of yesterday's XJO below.
cheers
Lindfield
p.s Do you know how to copy posts across to another thread. It may be worth asking the gurus on the XJO thread if they have any views? Perhaps the new moon or alignment of Jupiter and Krypton might provide some guidance.
