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 ?
Roberts caused the two Arsenal centre backs so much grief that both were guilty of blatantly bringing him down in the penalty area - only for referee Phil Dowd to wave aside spot kick claims.
McVicar, however, believes Clark was spot-on to wave aside Dunfermline's red-card claims.
But the partners wave aside concerns that they might find it difficult to secure screens.