Great paradox - my take  Speaking of "new highs," O'Neil introduces the concept of the "Great Paradox." In O'Neil's framework, if a stock breaks out from a valid price adjustment pattern, accompanied by increased trading volume and approaches or achieves a new price high, it might actually signal a buying opportunity. my take (personal view) : It could be right if accompanied by other good method.  When i am buying any companies to diversify, it always failed me because once the price dropped it could not come back, why ? because not many demand on that stock, although the company is still stable, so i would rather buy the famous companies when it drops and started to move up. All those famous companies now are at the higher level. I wish i can buy more when at the bottom, but we