The market started strong with a 130-point surge, Jim Cramer said on his

"RealMoney" radio show Wednesday, as expanding bearish sentiment set stocks up for a bounce.

Traders are in the midst of a rally caused by the fact that there was too much pessimism and too many bears for too long, he said.

Cramer has a few indicators which he uses to measure bears. One such indicator is an oscillator, he said. This measures the buying and selling pressure of the market. When the market is oversold, which it was, it's like a compressed spring and is bound to bounce, he said.

Another indicator Cramer uses is a bull/bear ratio, which is the compilation of all the views of people who write about the market. Lately there has been too much pessimism, which is good for the market, he said.

The fundamentals of the companies in the market are bullish, Cramer said. For example,

FedEx

(FDX) - Get Report

just reported a number that is "beautiful," and it is a "smoking company," he said.

The fact that FedEx is doing well tells Cramer that everything the company touches must also be doing well, such as the retail sector. In addition, as a leading transportation company, FedEx ignites the financial sector as well, he said.

Morgan Stanley

(MS) - Get Report

is a prime financial, according to Cramer.

Clarence Otis,

Darden Restaurants'

(DRI) - Get Report

CEO and chairman, was on Cramer's "Mad Money" TV show on Tuesday, and he also reported great numbers for his company. This tells us that people are still going out to eat despite the high gas prices, Cramer said.

People are being too negative, Cramer said. On Wednesday, Darden is up two points, Morgan Stanley is up 2.5 points and FedEx is up five points. "This is encouraging," he said.

To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.

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