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 never know where the bottom. Can catch some and diversify is already good enough for me. 

It is difficult to time the market, when i think it will goes down again to buy back, it didn't happen. So now many famous companies i have not buy back again, waiting for pull back. So how to decide when to buy? If i think the price is good enough to reenter/add i will. I may not catch the bottom, i always do this for $Berkshire Hathaway(BRK.B)$  $Tesla Motors(TSLA)$ $Meta Platforms, Inc.(META)$ these 3 still giving me green. 

Not investment advice, wish you the best 🙏

@MillionaireTiger