Thank Bears for This Tech Move

We got the Google (GOOG - commentary - Cramer's Take) part of the rally right. Cisco's (CSCO - commentary - Cramer's Take) also working its way back. You must respect the action in the disk drives.

And you know what's going on here: The bears overstepped. They took last week's action and Monday's hangover to heart and put out the big shorts.

That's wrong.

We are in trading heaven here, where you can rent tech when it goes down and sell it when it goes higher, with the exception of Google, Cisco, Hewlett-Packard (HPQ - commentary - Cramer's Take), Microsoft (MSFT - commentary - Cramer's Take) and Apple (AAPL - commentary - Cramer's Take).

It's the last group that's lagging and I think it is time to move.

I am very impressed with the plus-$20 Google move. That's the kind of thing that gets the retail juices flowing, something that hasn't happened in a long time. Corning (GLW - commentary - Cramer's Take) doesn't hurt either. That can bring up everything from Level 3 (LVLT - commentary - Cramer's Take) to Best Buy (BBY - commentary - Cramer's Take)!

I am not suspending my judgment that most tech will be in for a tough ride here and needs to be sold on strength. I am just making the point that some tech can be held through the ugly period, and the only "investment tech" name that has done nothing is Apple.

I just don't believe it can stay down much longer, particularly because the bears are being routed in tech and can't take the pain of having still one more name fly up in their faces.

Random musings: The other day, I said Krispy Kreme (KKD - commentary - Cramer's Take) would go higher. It still has more points ahead.

At the time of publication, Cramer was long Hewlett-Packard.

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Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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