martis's - royal spanking friday, page-107

Barnsty - Ha Ha - NO DEMAND pops up all the time, so people automatically think I'm bearish and get defensive- On its own its just an observation based on comparison with the surrounding bars and we're just a bit cautious of them at the top of a range or near resistance - In an uptrend you'll get them and it may just retrace a bit or indicate a backtest imminent if we just broke out - We don't automatically go ahead and short them - but they are typically one element to a short sequence or combination of weak bars.
Same goes for a LOW supply or a test in a downtrend.
They all have to happen in the right place eg - if you broke major support and then tried to reclaim on no demand followed by an upthrust rejection - that would be a typical short setup.

You should hear me while I talk to myself on the 3 min chart. I can say No Demand a dozen times all while being long.

A true NO DEMAND will have a narrow spread as well as the lightest volume in 3 bars.

So there you go, just in case you missed me saying No demand again.