Cramer: Preaching to the Nonbelievers

This item originally appeared at 4:37 p.m. Thursday on RealMoney. Click here for a free trial, and enjoy incisive commentary all day, every day.

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 Quote) 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%.