CNBC’s Jim Cramer suggested that market gamers have two methods to strategy high-flying progress shares that teetered and tottered their means via a unstable session on Wall Street Tuesday.Investors can select to affix in on the sell-off that has dropped some tech names like Apple into unfavorable buying and selling territory this yr.The different selection — taking a cue from Federal Reserve Chair Jerome Powell’s restated dedication to go away rates of interest at low ranges — is to carry on for the experience and think about loading up on worthy shares discounted from their highs, Cramer stated after the market closed blended.”After at present’s late afternoon rebound, it is not too late to promote the extra egregiously costly shares if you wish to,” the “Mad Money” host stated. “But as for the higher progress shares, down greater than 10% from their highs, name me a purchaser. Not , not massive, however a purchaser nonetheless in any retest of that 9:47 a.m. low that we noticed at present.”Cramer’s evaluation of the present state of the market follows a roller-coaster buying and selling day the place main U.S. averages bounced from their session lows. The market suffered a steep sell-off within the morning, with the Nasdaq Composite down nearly 4% at its trough, earlier than the blue-chip Dow Jones and benchmark S&P 500 managed to etch out modest positive factors on the shut.The Dow superior greater than 15 factors to 31,537.35 for a 0.05% acquire. The S&P 500 completed 0.13% larger at 3,881.37 to finish its dropping streak at 5. The tech-heavy Nasdaq couldn’t muster sufficient for a optimistic day, falling 0.5% to 13,465.20, extending Monday’s losses.”I’m completely happy to entertain the concept you’ll want to ring the register right here, however I occur to love progress shares in a reflation scare. I like progress shares when threat is on. I like progress shares when threat is off,” Cramer stated.”If you need to maintain on to the expansion shares … it’s important to be ready to take some ache, similar to in late 2015 and early 2016 — that was the final nice second to purchase these shares — or you may simply do some promoting if you wish to and attempt to swap again in at a decrease stage,” he added.The market has toiled via a rotation as buyers swap progress and tech shares that outperformed all through the pandemic for worth performs of corporations which might be anticipated to see enterprise return because the economic system reopens. The Nasdaq is now 4.5% off its closing excessive earlier this month.Worries that an inflation revival may set off the Fed to boost rates of interest, because it did in twice in a three-month span between 2015 and 2016, shook buyers out of progress shares in current days, Cramer stated. Higher charges pose a problem to progress and utilities shares.Share costs in Apple, Salesforce, and ServiceNow are all down no less than 3% this week.During an look earlier than Congress Tuesday, nevertheless, Powell informed lawmakers that inflation stays “tender,” the labor market faces ongoing challenges and that the central financial institution was dedicated to its present financial coverage.That reassured buyers about rates of interest, serving to the market recuperate some losses.”This time our Fed chief has vowed to carry off on elevating charges — too many unemployed — however there’ll come a time and a degree the place these progress shares will probably be considerably hopeless,” Cramer stated. “They’ll sort of appear like they did at present … earlier than individuals got here in to purchase.”Correction: This story has been up to date to mirror the right variety of factors the Dow superior by.Disclosure Cramer’s charitable belief owns shares of Apple and Salesforce.DisclaimerQuestions for Cramer?Call Cramer: 1-800-743-CNBCWant to take a deep dive into Cramer’s world? Hit him up!Mad Money Twitter – Jim Cramer Twitter – Facebook – InstagramQuestions, feedback, recommendations for the “Mad Money” web site? [email protected]