--- title: "Meaning & Key Takeaway of: What do markets do? They consolidate…" description: "\"What do markets do? They consolidate, they breakout, they extend, they overextend, they back and fill, they consolidate, and repeat the process. That's..." image: "https://sms4smile.com/quotes/i/b3c/donald-miller-607_consolidate_what-do-markets-do-they-consolidate-they_220426.jpg" --- # What do markets do? They consolidate, they breakout, they… ![“What do markets do? They consolidate, they breakout, they extend, they overextend, they back and fill, they consolidate, and repeat the process. That's all you need to know about the markets.” quote by Donald Miller](https://sms4smile.com/quotes/i/b3c/donald-miller-607_consolidate_what-do-markets-do-they-consolidate-they_220426.jpg) [Download](https://sms4smile.com/quotes/i/b3c/donald-miller-607_consolidate_what-do-markets-do-they-consolidate-they_220426.jpg) [Open image](https://sms4smile.com/quotes/i/b3c/donald-miller-607_consolidate_what-do-markets-do-they-consolidate-they_220426.jpg) > “What do markets do? They consolidate, they breakout, they extend, they overextend, they back and fill, they consolidate, and repeat the process. That's all you need to know about the markets.” [Donald Miller](https://sms4smile.com/quotes/author/donald-miller/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Markets move through phases of compression, expansion, and reversal, repeating patterns over time. **In simple terms:** Markets cycle through consolidation, breakout, extension, overextension, and back. Key Takeaway Recognize cycles to anticipate moves. Themes finance trading cycles Mood analytical pragmatic Type educational strategic When to use this quote - stock trading - forex - commodity markets - investment planning Key Concepts technical analysis market dynamics Questions to Reflect On - How can you identify the start of a new cycle? - What signals indicate a market is overextended? A Different Perspective Market cycles can be disrupted by unexpected news or policy changes. ★ ★ ★ ★ ★ No ratings yet [Consolidate](https://sms4smile.com/quotes/about/consolidate/) [Customer](https://sms4smile.com/quotes/about/customer/) [Investing](https://sms4smile.com/quotes/about/investing/) [Know Markets](https://sms4smile.com/quotes/about/know-markets-404271/) [Knows](https://sms4smile.com/quotes/about/knows/) [Markets](https://sms4smile.com/quotes/about/markets/) [Markets Consolidate](https://sms4smile.com/quotes/about/markets-consolidate-2254044/) [Needs](https://sms4smile.com/quotes/about/needs/) [Overextend Consolidate](https://sms4smile.com/quotes/about/overextend-consolidate-2254045/) [Process](https://sms4smile.com/quotes/about/process/) [Repeats](https://sms4smile.com/quotes/about/repeats/) ## Related quotes > [If you could distill this down to a single principle its that the best marketers in the world know MARKETS first and foremost, and…](https://sms4smile.com/quotes/perry-marshall/if-you-could-distill-this-down-to-a-single-principle-its-that-the/) [Perry Marshall](https://sms4smile.com/quotes/author/perry-marshall/) > [“Making money in the markets is tough. The brilliant trader and investor Bernard Baruch put it well when he said, “If you are ready…](https://sms4smile.com/quotes/ray-dalio/making-money-in-the-markets-is-tough-the-brilliant-trader-and-2/) [Ray Dalio](https://sms4smile.com/quotes/author/ray-dalio/) > [As someone with a deep faith in competition and the market, I also know that markets only work with tough enforcement of the rules…](https://sms4smile.com/quotes/eliot-spitzer/as-someone-with-a-deep-faith-in-competition-and-the-market-i-also/) [Eliot Spitzer](https://sms4smile.com/quotes/author/eliot-spitzer/) > [We don't know where the markets are going…we have to observe what's going down, see the trends, look at every vibration on the market,…](https://sms4smile.com/quotes/carlos-ghosn/we-don-t-know-where-the-markets-are-going-we-have-to-observe-what-s/) [Carlos Ghosn](https://sms4smile.com/quotes/author/carlos-ghosn/) > [I waited for the idea to consolidate, for the grouping and composition of themes to settle themselves in my brain.](https://sms4smile.com/quotes/claude-monet/i-waited-for-the-idea-to-consolidate-for-the-grouping-and-composition/) [Claude Monet](https://sms4smile.com/quotes/author/claude-monet/) > [When you love competition, you don't want the market to consolidate.](https://sms4smile.com/quotes/xavier-niel/when-you-love-competition-you-don-t-want-the-market-to-consolidate/) [Xavier Niel](https://sms4smile.com/quotes/author/xavier-niel/) > [Social networks particularly will tend to converge and consolidate over time, especially because they're inherently governed by network effects. So the bigger ones will…](https://sms4smile.com/quotes/clara-shih/social-networks-particularly-will-tend-to-converge-and-consolidate/) [Clara Shih](https://sms4smile.com/quotes/author/clara-shih/) > [It serves the patriarchy to consolidate male power.](https://sms4smile.com/quotes/emma-d-arcy/it-serves-the-patriarchy-to-consolidate-male-power/) [Emma D'Arcy](https://sms4smile.com/quotes/author/emma-d-arcy/) > [The Workforce Investment Improvement Act of 2012 would consolidate and eliminate dozens of ineffective or duplicative programs, enhance the role of job creators in…](https://sms4smile.com/quotes/john-kline/the-workforce-investment-improvement-act-of-2012-would-consolidate/) [John Kline](https://sms4smile.com/quotes/author/john-kline/) > [Mint's business model became, 'We'll go for free, and then we'll find these savings opportunities for you.' You know, better interest rate on your…](https://sms4smile.com/quotes/aaron-patzer/mint-s-business-model-became-we-ll-go-for-free-and-then-we-ll-find/) [Aaron Patzer](https://sms4smile.com/quotes/author/aaron-patzer/) > [Take away the ghost of your life and stop chasing around. Consolidate. Concentrate. Be you. And most importantly... BELIEVE!!](https://sms4smile.com/quotes/kemmy-nola-http-wwwamoreloveforlifecom/take-away-the-ghost-of-your-life-and-stop-chasing-around-consolidate/) [Kemmy Nola Http://wwwamoreloveforlifecom](https://sms4smile.com/quotes/author/kemmy-nola-http-wwwamoreloveforlifecom/) > [I think that there's gonna be a lot of work to do in order to consolidate the transformations that I was interested in.](https://sms4smile.com/quotes/barack-obama/i-think-that-there-s-gonna-be-a-lot-of-work-to-do-in-order-to/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [A consolidation makes sense only if you can lower your overall interest rate. Many people consolidate by taking out a home equity line loan…](https://sms4smile.com/quotes/jean-chatzky/a-consolidation-makes-sense-only-if-you-can-lower-your-overall/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) > [Citigroup has a lot of money, it spends a lot of money, and it uses that money to grow and consolidate power. And it…](https://sms4smile.com/quotes/elizabeth-warren/citigroup-has-a-lot-of-money-it-spends-a-lot-of-money-and-it-uses/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [In order to consolidate the euro we need to harmonise our economic, fiscal and social policies, hence we are going toward greater integration.](https://sms4smile.com/quotes/francois-fillon/in-order-to-consolidate-the-euro-we-need-to-harmonise-our-economic/) [Francois Fillon](https://sms4smile.com/quotes/author/francois-fillon/) ## More by Donald Miller > [There's no authoritarian structure at Reed College, but the education is conservative. 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It was given to you by God.](https://sms4smile.com/quotes/donald-miller/don-t-let-go-of-your-strength-or-your-beauty-it-was-given-to-you-by/) [Donald Miller](https://sms4smile.com/quotes/author/donald-miller/) > [There's a lot of letters, and a lot of people come say "hi" at book signings, but I'm amazed at how normal everybody is.](https://sms4smile.com/quotes/donald-miller/there-s-a-lot-of-letters-and-a-lot-of-people-come-say-hi-at-book/) [Donald Miller](https://sms4smile.com/quotes/author/donald-miller/) > [I am something of a recluse by nature. I am that cordless screwdriver that has to charge for twenty hours to earn ten minutes…](https://sms4smile.com/quotes/donald-miller/i-am-something-of-a-recluse-by-nature-i-am-that-cordless-screwdriver/) [Donald Miller](https://sms4smile.com/quotes/author/donald-miller/) > [The most important thing that happens within Christian spirituality is when a person falls in love with Jesus.](https://sms4smile.com/quotes/donald-miller/the-most-important-thing-that-happens-within-christian-spirituality/) [Donald Miller](https://sms4smile.com/quotes/author/donald-miller/) > [Every day you live is a page. Every year, a chapter. Your life, a book. 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BELIEVE!!](https://sms4smile.com/quotes/kemmy-nola-http-wwwamoreloveforlifecom/take-away-the-ghost-of-your-life-and-stop-chasing-around-consolidate/) [Kemmy Nola Http://wwwamoreloveforlifecom](https://sms4smile.com/quotes/author/kemmy-nola-http-wwwamoreloveforlifecom/) > [Citigroup has a lot of money, it spends a lot of money, and it uses that money to grow and consolidate power. And it…](https://sms4smile.com/quotes/elizabeth-warren/citigroup-has-a-lot-of-money-it-spends-a-lot-of-money-and-it-uses/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [A consolidation makes sense only if you can lower your overall interest rate. Many people consolidate by taking out a home equity line loan…](https://sms4smile.com/quotes/jean-chatzky/a-consolidation-makes-sense-only-if-you-can-lower-your-overall/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) > [I think that there's gonna be a lot of work to do in order to consolidate the transformations that I was interested in.](https://sms4smile.com/quotes/barack-obama/i-think-that-there-s-gonna-be-a-lot-of-work-to-do-in-order-to/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [In order to consolidate the euro we need to harmonise our economic, fiscal and social policies, hence we are going toward greater integration.](https://sms4smile.com/quotes/francois-fillon/in-order-to-consolidate-the-euro-we-need-to-harmonise-our-economic/) [Francois Fillon](https://sms4smile.com/quotes/author/francois-fillon/) > [Mint's business model became, 'We'll go for free, and then we'll find these savings opportunities for you.' You know, better interest rate on your…](https://sms4smile.com/quotes/aaron-patzer/mint-s-business-model-became-we-ll-go-for-free-and-then-we-ll-find/) [Aaron Patzer](https://sms4smile.com/quotes/author/aaron-patzer/) > [The Workforce Investment Improvement Act of 2012 would consolidate and eliminate dozens of ineffective or duplicative programs, enhance the role of job creators in…](https://sms4smile.com/quotes/john-kline/the-workforce-investment-improvement-act-of-2012-would-consolidate/) [John Kline](https://sms4smile.com/quotes/author/john-kline/) > [It serves the patriarchy to consolidate male power.](https://sms4smile.com/quotes/emma-d-arcy/it-serves-the-patriarchy-to-consolidate-male-power/) [Emma D'Arcy](https://sms4smile.com/quotes/author/emma-d-arcy/) > [Social networks particularly will tend to converge and consolidate over time, especially because they're inherently governed by network effects. So the bigger ones will…](https://sms4smile.com/quotes/clara-shih/social-networks-particularly-will-tend-to-converge-and-consolidate/) [Clara Shih](https://sms4smile.com/quotes/author/clara-shih/) > [When you love competition, you don't want the market to consolidate.](https://sms4smile.com/quotes/xavier-niel/when-you-love-competition-you-don-t-want-the-market-to-consolidate/) [Xavier Niel](https://sms4smile.com/quotes/author/xavier-niel/) > [I waited for the idea to consolidate, for the grouping and composition of themes to settle themselves in my brain.](https://sms4smile.com/quotes/claude-monet/i-waited-for-the-idea-to-consolidate-for-the-grouping-and-composition/) [Claude Monet](https://sms4smile.com/quotes/author/claude-monet/) > [There is an opportunity to consolidate the North American region as a more competitive region, a more productive region that will be more competitive…](https://sms4smile.com/quotes/enrique-pena-nieto/there-is-an-opportunity-to-consolidate-the-north-american-region-as-a/) [Enrique Pena Nieto](https://sms4smile.com/quotes/author/enrique-pena-nieto/) > [For citizens to become fully engaged in holding their leadership to account, accurate information is required to see where action is needed, to measure…](https://sms4smile.com/quotes/mo-ibrahim/for-citizens-to-become-fully-engaged-in-holding-their-leadership-to/) [Mo Ibrahim](https://sms4smile.com/quotes/author/mo-ibrahim/) [Browse all 14 Consolidate quotes ](https://sms4smile.com/quotes/about/consolidate/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "What do markets do? 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