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 ?
Summary: An English tourist has died after she and a friend were swept to sea by a large wave off Carmel River State Beach, California.
Abigail and her dad Kevin Williams were on hand to wave off his colleagues on a charity walk at Conwy RSPB nature reserve (below) to raise money for her groundbreaking treatment in China Pictures: HADYN IBALL
They had gathered to wave off by-election winner John Mason, who will be sworn in as Glasgow East MP at Westminster today.
THE injured captain of a ship hit by a giant wave off the coast of Cork was recovering in hospital in the UK yesterday.
lead to seven points, but by the time there was finally a stoppage in play, the lead was back to 11 and he tried to wave off the timeout but the officials' table would not allow it.