Good drilling results then yes we are at the bottom...bad...

Good drilling results then yes we are at the bottom...bad drilling results then no we're not .....I really don't get charting when facts determine the what happens next, not tends on a chart. Charts work when a tend is in progress but find it very hard to pick a change in trend as normally that is triggered by something (ie facts like drilling results, or a market crash, etc) ...and we all know charts and nothing else can predict future events.