Wave

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Wave

A short-term movement that goes against the general trend. For example, if the DJIA rallies on a given trading day but overall is in the midst of a prolonged bear market, the rally is called a wave against the bearish tide.
References in periodicals archive ?
The UAE Hot Air Balloon team has made waves in Europe by winning the International Hot Air Balloon Festival held in Poland, according to UAE news agency WAM.
Summary: PARIS: A small French cinema chain has made waves by postponing this month's showing of an Israeli comedy to protest the country's deadly May 31 raid on a Gaza-bound flotilla.
However, the Greek property tycoon, listed last year as the country's 11th richest man with a personal fortune of pounds 250 million, has not made waves in the poker world.