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 gorgeous model made waves as she partied at Dublin's Morrison Hotel during the launch of West Coast Cooler's new range of drinks, leaving her many admirers all at sea.
And she showed it on Wednesday evening with a 6-4, 6-0 victory over Sprem, who made waves at Wimbledon.
Fedeli made waves in early December by announcing the immediate disbanding of the city's economic development commission barely a day after being sworn in, and creating the mayor's office of economic development, headed by himself and members of city council.