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 Blues manager was rather less enamoured with the performance of referee Philip Dowd, however and with some justification after the official waved aside three penalty appeals of the convincing variety - including one, crucially, in the opening minutes of the match.
Shepshed were denied a penalty in the 40th minute when Master, after beating a defender inside the area, was tripped but appeals were waved aside.
Referee Pearson waved aside all the protests but later in the half booked Bury's Paul Reid and Wigan's Pat Mc Gibon for hand ball.
With arrogance only seen inside the marbled halls at MTA's ``Taj Mahal'' headquarters, transit officials waved aside the allegations, claiming the intent of the law was to make sure the Valley got a subway stop, which it will when the Metro Red Line's North Hollywood station opens.
cu- " Match official Dean waved aside protests for a spot-kick after Herrera tumbled under a challengeDean sts for a Herrera hallenge wst from Gary Cahill.
Friend also waved aside two strong appeals from QPR for penalties, but the most clear cut was the foul on Bothroyd.
Glenavon held the whip hand in the second half and after Turkington waved aside another penalty claim, Hamilton struck the winner.
Irish referee Peter Fitzgibbon waved aside strong claims for obstruction when All Blacks ace Xavier Rush broke clear.
Luck was perhaps with Ian Bogie's side midway through the first period when the ball appeared to strike Wayne Phillips' arm but the referee waved aside appeals for a penalty.
The goal lifted the hosts and then could easily have been gifted a second penalty soon after the break when Blake was pushed to the turf by the anxious Nisevic but the referee waved aside appeals.
Junior Mendes' appeal that he had forced the ball over the line in an injury-time scramble was waved aside by referee Mick Jones - who is being considered for promotion to the Premiership - and his assistant.