I think Babak hit the nail on the head when he said: "The interesting thing is that he hasn't noticed that 'dumper' plays are much better sold short in a bear market than bought." Playing bounces is a legit strategy but like all techniques, it's certainly not one that works well in every type of market. The market dynamics have changed substantially from when Ken originally published his "dumper" strategy, so forcing it to work in an environment like we have now seems challenging to say the least. I think half of the battle of being profitable over the long term is being able to quickly notice when the underlying market psychology starts shifting, and then adapting your strategies accordingly. Of course, the problem for many of us is that it takes us too long to notice that things have changed. We want too many fundamental and technical indicators to confirm that change has actually occurred before we change how we trade. One thing I remember about Todd Harrison's posts is that he was good at assessing the general market conditions and psychology, and then trading within the context of that assessment using appropriate strategies and risk control.