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 ?
Emblem Provost Lorraine Cameron and St John Ogilvie pupil Emilia Kozlowska, 10, who won a school competition to design the flag used to wave off the drivers
I was also at fault for not being more assertive and taking the controls when he didn't wave off as requested.
Albert Marchment, 62, had been driving his wife's car when he knocked over Rhys Hood, pictured, who'd travelled to Gatwick with his father, Neil, 27, from Trecastle, near Brecon, to wave off his grandparents on holiday.
Thousands of people lined the waterfront to wave off the 150-000 tonne vessel
Thousands gathered at the waterfront last night to wave off the world's biggest and most expensive cruise ship and its exit was also celebrated with fireworks and music.
"It pushes the neutral air forward, almost like the bow wave off a ship," says Olson.
They were rescued by an RAF helicopter after their inshore inflatable was hit by a breaking wave off the Gower Peninsula in South Wales.
A pretty bold statement and bold plan that might be easy to wave off, except that there has already been such heavy government support and public acceptance.