Choppy Market
A stock market condition whereby prices swing up and down considerably but with no resulting overall price movement in either direction. Investopedia Says:
The term is derived from the phrase choppy seas, where a boat will move a lot but not over any large distance as waves prevent it from moving any meaningful distance. The DJIA, for example, may start a six-month period at 10,500 and over the six months move all over the 10,000 to 11,000 range but end the period at around 10,500. Related Terms:
Congestion
Dow Jones Industrial Average - DJIA
Range
Range-Bound Trading
Resistance
Support |