our friend tom mcclellan said the nice thing. the guy's got an oscillator named after him, the mcclellan oscillat oscillator, and tom e-mailed me after the halftime report today. >> i wish i had my own oscillator. >> here's the melissa lee oscillator. we're going to see a bottom for crude oil in the epd of july, beginning of august. be very short term for this. it's like dance steps. john, you've got long legs. you're going to be dancing in smaller steps than the lovely karen finerman here, and for that reason, it leads for about four months, just like i would try to lead karen. >> we all know how that would work. >> we see the bottom of crude oil in august. zblend of july, early august is when he's predicting we'll see a bottom in crude oil. i'm looking for the same thing. as a trade, like joe said, you can buy it on big $3 drops like today, but i think you get out very quickly. i don't think we have a longer term bottom until that happens. >> stocks rebounding last half hour of trading on the heels of several defensive categori