Jim Cramer gave a strategy for equity investors who are trying to navigate the slide in the stock market.
The tech-heavy index has fallen 1.71% through the first two days of trading, compared with the broad S&P 500 which has fallen 0.15%.
The host of "Mad Money" believes that the rotation out of technology stocks is due to investors taking profits in winning positions and in parts of the market that have not performed as well.
Cramer pointed to a group of tech stocks that he believes will be the first to bottom as he said it won't last forever. He said that this group is the leading place to look for buying opportunities in that industry.
These are companies that did nothing wrong. They reported better-than-expected results top and bottom, forecasted higher growth, yet their stocks are still getting crushed this week, Cramer said.
They are all doing well. The former hedge fund manager said these are the names he wanted to buy first. The best-of-breed stocks tend to bottom first.
Cramer said his call is based on analyzing tech-led sell-offs over the course of his 40 years on Wall Street.
Cramer said that almost every time these high-multiple stocks sell off, the fall lasts for three days from the start, and then they begin to flatline before surging higher again.
The stock market will be closed on Thanksgiving, but high-fliers should be putting in bottoms by Friday.
The CNBC Investing Club will follow Jim Cramer's every move in the market.
