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Cramer's 'Mad Money' Recap: Time to Change Your Mind (Correct)

Lightning Round

In the Lightning Round, Cramer was bullish on Align Technology (ALGN) and Dynavax Technologies (DVAX).

But he was bearish on Ford Motor (F), Sirius XM Radio (SIRI) and Dover Corp (DOV).

Off the Charts

In the "Off The Charts" segment, Cramer went head to head with colleague Carolyn Boroden over the chart of S&P 500 to see which way the markets are heading. Cramer said Boroden has been has been on fire recently when predicting the average and correctly identified both the April lows and the top in September.

According to Boroden, the S&P has held above its Sept. 4 lows, confirming its future direction is higher. She used the S&P's symmetry, which predicts that moves will be approximately the same size, as well as the lengths of each move, to determine when they're likely to occur.

Her prediction is that if the index continues to hold above its floor of support between 1419 and 1427 then another leg higher, possibly one that's 4.4% higher, is possible.

Cramer said he always tends to side with the "hot hand" that has been right in the past. He said the fundamentals support it, so he remains long on the markets.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer weighed in on the surprise resignation of Citigroup (C) CEO Vikram Pandit. He said there really aren't two sides to this story, only one: Citi wanted Pandit out and he left in a hurry.

Cramer said he was hard on Pandit when he first took over at Citi and felt he wasn't moving fast enough to resurrect the bank. But over time Pandit's plan began to unfold and his strategy of focusing on emerging markets and international growth while quickly working to reverse bad loans became a good one.

That's why it was jarring to learn of Pandit's ouster just a day after the bank delivered a better-than-expected quarter. Cramer said Pandit was "constructively fired," in part to appease shareholders and in part to appease regulators, both of which were growing frustrated with Pandit's direction.

As Cramer always says, it's not about making friends, it's about making money, which is why the only thing that matters is that Citi's new CEO has been given a far better hand than the one Pandit received.

-- Written by Scott Rutt in Washington, D.C.

To email Scott about this article, click here: Scott Rutt

Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

Stock quotes in this article: WMT, AMZN, HD, PVH, TJX, C, WSM, LNCO, F, SIRI, DOV, ALGN, DVAX, LINE, DPZ 
At the time of publication, Cramer's Action Alerts PLUS had a position in HD.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC Universal or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

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