Preaching to the Nonbelievers

How about this new contra-hour pattern? We get a selloff between 2 p.m. and 3 p.m. EDT, but it doesn't wreck us -- it recharges us to go higher!

I have been trying to spot patterns in this market that are different from the last two years and I don't just mean that we are having as bold a rally as we did in November of last year off the horrid October decline. I am looking exactly for this kind of pattern that breaks with the horrid past.

Now this intraday move is incredibly bullish because it smashes the pattern of what had been accelerated declines into the close. If you buy this dip, which is becoming a typical dip, you get your best price of the day.

Look, I wouldn't be citing patterns if it weren't for two reasons. First, the majority of the people on RealMoney are frightfully bearish and I want to show technically and fundamentally (check out my recent "State of the Market" pieces: part I, part II, part III and part IV) why I think we are going higher. Second, I am constantly looking for anomalies that make negatives into positives.

So, we see gold spike and we expect stocks to go down and bonds to tank, but bonds have their best rally in ages and stocks keep climbing. Once again I have been saying that gold is not necessarily a tell of inflation and you know you couldn't get that bond rally if it was. It is more likely a tell for ETF buying! Or perhaps a weak dollar, but the latter lost a lot of luster as a thesis after this monster Treasury move.

Now we have more concrete info: according to the Chemical Checkpoint note from BB&T's (BBT - commentary - Trade Now) Frank Mitsch, one of my favorite pieces of research, rail car weekly numbers have broken out to the upside. Weekly numbers were up 8.8% year over year. I remember when they were routinely down 20%.

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Jim Cramer is co-founder and chairman of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. To order Cramer's newest book -- "Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)," click here. Click here to order "Mad Money: Watch TV, Get Rich," click here to order "Real Money: Sane Investing in an Insane World," click here to get "You Got Screwed!" and click here for Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he appreciates your feedback and invites you to send comments by clicking here.

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