#$intl

[waywardmagazinekingdom]

dollar2

[jimcramer]

Let's get to the bottom of this

You want to know how stocks bottom? 

It's when the estimates get so low that they are finally beaten. That's what happened when Micron reported last week, and you have to sit up and take notice when it occurs.

Micron's part of the beleaguered cohort of personal commodity parts makers that have been vile performers over the last year. The stock had fallen more than 50% since the year began.

But when it reported last week, it at last beat expectations and the numbers didn't get cut and the downgrades didn't occur. That's what a bottom looks like.

There's no doubt value in these parts. Remember last week that Western Digital -- another commodity play, this time a disk-drive company -- got a $3.775 billion investment from a Chinese company, UNIS, valued at $92.75 per share. That stock's now moved from $68 to $82 and is leaping three points today alone.

SanDisk, still one more commodity player, this time a flash maker -- which has overlap with traditional DRAM maker Micron, which also has a flash line -- has been roaring, too.

And let's face it, Intel  and Microsoft have been on their own tears. (Our technician, Bruce Kamich, has predicted many of these runs, by the way.)

Just so you know, this outperformance jibes with the old seasonal tech pattern where PC companies build for holiday demand. It is also when Europe tends to come back to work after a doldrums period. (Check out Avnet, AVT, which had been the traditional way to get involved in the segment.)

It's difficult to mount an advance without tech. This "old" tech is really coming on and it is bolstering this out-of-nowhere rally. In the end, though, it's just doing what used to come naturally. Oh, and to be sure, it has real legs. Look at Adobe ahead of its analyst meeting. Look at the breakout in Cisco. Check out the action in Salesforce.com. Even IBM has stopped going down! These are all part of the same strong move that is in its infancy, not at its completion. (Cisco is part of TheStreet's Action Alerts PLUS portfolio.)