[Eiger]

Of course price can rise on no demand. It does it all the time and it is quite logical. Playing with semantics does not make it different.

Take the attached chart as example. Prices rise all afternoon. Note that the volume is generally expanding with the increasing prices. Demand is pushing prices higher. It then rests a bit, and then rises again. Price then reacts (note the increased volume on the reaction). But then price starts to rise again. Is there demand for higher prices? No. Look at the spreads and look at the volume. As price rises to 1, volume retreats. The same thing occurs on bar 2, volume retreats and also the spread narrows. This is quite different than the rally on the previous afternoon where demand was evident. Price has risen on 1 & 2, but it does so on No Demand. This is why even though it goes a tick or two higher on 3, it quickly falls. There was No Demand at that level for higher prices.

You see this all the time in the markets and with weakness in the background, an excellent place to take a short. Word games won't change this characterisitc of the market.

Eiger