Amazing, Modest Selloffs Coming

Click here for the latest from James J. Cramer.

Once the psychology changes from bearish to bullish, amazing things start happening. Before, when we got a selloff, the selling would only intensify on the way down and we had to wait until we were totally sold out before we bottomed. (We had to wait until we were oversold, is the technical term for it.)

Now every selloff will be met with buyers. The selloffs will be modest. They will not get to massively oversold levels as they have all year. They will be more benign. People will want to throw money at the weakness.

And the levels we traded to when it was ugly will now become nice tidy floors that we can bounce off of -- if we ever see them again.

Yes, once things flip, they flip big and there is very little that the bears can do to turn the psychology short of a little germ warfare on the Hudson. (Shoot, watch them blame General Electric(GE - Cramer's Take - Stockpickr) and I will get hurt!!!)

Even if you are a bear, I suggest you go with it for a couple of days. The shorts won't work.

If the tech evidence isn't enough, consider Lowe's(LOW - Cramer's Take - Stockpickr). I was kicking myself this morning (and those of you who know me know that I did some damage) that we weren't short the darn thing for the blowup. Furious, because we had covered last week when I saw shorts ganging up on the retailer.

Now, it's up.

That speaks louder than anything I can say or write here.