$Walt Disney(DIS)$ Weekly Wyckoff chart. Looks like this may be trying to put in a spring here putting it in Phase C of it's accumulation phase. Still not 100% on my fib retracement and not completely convinced this is the durable bottom. Fibs based on Oct '11 low. This registered the lowest momentum numbers since the 70's last Summer during the peak of the downturn. It's been showing bullish divergence on HTF ever since. Redistribution is still very much a possibility here. This spring may also be an ST in B. However, the two hammers the weeks of Dec 19 & Dec 27 indicate buyers are stepping in. When you see large, red volume spikes you should see long red candles. Long legged hammers indicate larger interests are stepping in and we may see a change of character here. Wyckoff's 'Law of Effort' appears to be present which is the indicator of trend change. Watching this falling wedge closely. Cloud is still red on the daily with conversion line still below base line. No position. Just journaling.