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 ?
It's fashionable to wave aside the thought of eternal judgment with talk of hellish poverty and war.
Manufacturers of electroshock weapons continue to wave aside in allegations that use of their devices is dangerous and may constitute a gross violation of human rights.
NICK ATTENBOROUGH has been an owner for 25 years, enjoying particular success with a number of good juveniles: Weatherbys Super Sprint winner Siena Gold, Listed winner Amaretto Bay and last year's unlucky Redcar Two-Year-Old Trophy third Wave Aside to name but three.