let's call to the charts with carter braxton moore of oppenheimer. >> the setup crude was weak from the end of the summer at 112 down to 92. crude has recovered back to 100 and yet some of these oil service stocks are still down and we think they are to be played here on the long side for bounces. to give you the backdrop, this is the oih which is the etf which captures them and so forth and here i have it over a two-year period with the entire energy sector as managed by the xle. as you can see the correlation is virtually 100%. this is where the opportunity is now. here are those same two instruments taking a little bit of a longer trend. what's important is that energy as you see here the sector has made it back to all-time highs. we know in the past week exxon itself has been able it to exceed its 2007 high whereas drillers are nowhere near their high. as a group, up 60% versus basically 180. so one third and that's the opportunity. let's look at the charts of the oih itself. a perfect response to a trend line, over and over and over, and every time you respond you bounce, you bounc