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Despite the Technicals, Cramer's Waiting It Out

As stocks rebounded from two days of sharp losses on Wednesday, Cramer debated whether this is a crescendo. The term is typically used to describe when stocks get so hammered, the sellers leave the market and the averages can spring to life.

"It's true that two huge down volume days back-to-back have historically created an incredibly buyable moment," Cramer said. "But those statistics were taken when we were much more in control of our own destiny in this country."

The old crescendo pattern may not work anymore, Cramer said, because the markets are handcuffed to Europe's sovereign debt crisis. With news out of Europe having so much influence over the major indices, Cramer can't sound the "all clear" to do some aggressive buying. Instead, he's happy to wait it out until the market calms and the world's economies turn around.

The only theme he can believe in right now, however, is the seasonality in tech. Read on for 10 Tech Stocks That Have Hit Bottom.

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