Watch CNBC’s Cramer……….with update
Today Cramer is pressing the buttons on getting back to even and he does have a big following. Today he wants his followers to buy stocks and gold between 9:30 and 11:30 AM CDT. We will calculate the average price during this period and compare it to the close today. Cramer’s approach will provide insight into the micro market and sometimes that works.
Offsetting the Cramer buyers will be the potential for short-term technical selling the last two hours of the day if the market is lower at that point.
11:30 AM CDT Update The average price during the two hour Cramer buy window was 1084.31 for the S&P and 1215.73 for the December Gold Futures contract. This information is important only in guaging the position of the short-term trader who is picking bottoms and playing the chaos trade during the three day window ending Monday evening August 16th.