Wave

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Related to a wave: Energy of a wave

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 classic literature ?
In a few minutes a rushing sound was heard in the waters, and a wave swept the spinning-wheel from the bank.
Scarce had they rowed a mile, when a wave broke over their boat and upset it.
Media: The decision by the Federal Communications Commission to relax its rules on media-ownership is bound to unleash a wave of activity.