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 ?
Prosecutors allege Falconio was shot beside an Outback highway in the Northern Territory after he and Lees were waved down by a stranger on the night of July 14, 2001.
Other parents waved down an ambulance and the girl was taken to Alder Hey hospital.
They had parked their silver Volvo saloon car at the side of the road and waved down the lorry at 3pm yesterday.
Ken, 57, collapsed near Grasmere in the Lake District after climbing to the top of Helvellyn with his wife Rita, who waved down passing motorists.
But he claimed the drivers were only being waved down the straight and not at the corners.