TheStreet.com TV Recap: Tech Exhales

The rebound that took place early in the day today was "perfect" and just what Jim Cramer's been calling for, he said on TheStreet.com TV's Wall St. Confidential video Webcast Tuesday.

The market needed this opening to get rid of the last sellers, he told Aaron Task, the show's host. Texas Instruments (TXN Quote) has provided the market with an umbrella to take tech higher, said Cramer, who believes the tech rally could last another three to four days.

"These are predictable rallies," he said. "When you have a very bad options hangover that finishes right near the end of the day, and you have a big, bad event like Texas Instruments to get through, then you're going to have a several-day rally." ...