continuous but not differentiable

Stock prices are approximately brownian motion, which means they are everywhere continuous but nowhere differentiable. In plainer English, 

"continuous" means that stock prices an instant from now, or an instant ago, are close to where they are now. 

"not differentiable" means that the direction they move over the next instant is not necessarily close to the the direction they were heading over the last instant.

连续但不可导。