Jim Cramer, CNBC’s star hysteric stock shill, says his “four horsemen” of tech: INTC, DELL, MSFT, CSCO, are finally stumbling and need to be replaced with four new horsemen. From 2000 until now, Cramer thought “Even kryptonite couldn’t hurt” these super stocks, but now INTC is down 71% and Cisco has declined 67% from their high points in 2000, while Dell is down 54% and MSFT is down 49% since 1999. Cramer named four new tech stocks which can be owned even in the summertime: RIMM, AMZN, GOOG and AAPL. RIMM is the “undisputed winner of the handheld” and is making headway in Latin America. Google “owns search” is voraciously “destroying everything in its path,” and although it has gone up, Cramer says his prediction that it will reach $600 is conservative. While there are many imitators, Amazon “has the mechanics to dominate for years,” since it is tech and a retailer rolled into one. Cramer wouldn’t buy Apple right now, but would sell it as it goes up and would buy it after the iPhone release. Apple controls the MP3 market with iPod and is moving into phones; “It’s an aspirational brand,” said Cramer.

Of course this made me think of the Four Horsemen of the Apocalypse: Famine, Pestilence, Death and War. Seeing how successful Cramer was with the last four, my short finger twitched and added to my XLK (Technology ETF) short position. XLK is a nice bundle, heavily weighted to the big tech names, including MSFT. In my view, this is one of the juiciest short opportunities because you’re not going to get squeezed (the market cap of the heaviest weighted underlyings is immense, just too big to jerk around) yet these puppies are enormously overvalued. Unlike the NASDAQ 100, you don’t have to worry about healthcare or something like that that might actually have a long-term future getting in there. I mean, just look at the top 10 here (accounting for 56% of the total):