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 ?
The former Brookside star and star of stage musical Chicago, joined Virgin Atlantic boss Sir Richard Branson to wave off the inaugural flight of Virgin's relaunched London to Chicago route.
It is quite fitting that we are all given a last chance to wave off Teflon Tony.
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.