<t>Thank you all for your response. I imagine we could approach the fluid (non newton) structure from a theoretical and/or an empirical angle. Suppose we could use a theoretical backbone, but with empirically designed flesh? Is price movement the only indicator we can use to determine the fluidity o...

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<t>Dear Quants,I am currently researching for my thesis. I am interested in viewing a market as a fluid structure. However, here lies the challenge. How does a market, e.g. FTSE100, exhibit fluid like characteristics?What suitable market indicators etc. should be used in order to view the market as ...