7. "Is the Trend Your Friend?" (PDF): http://www.trendfollowing.com/whitepaper/Altegris_TrendYourFriend_Analysis0513.pdf
According to that paper, trend is no logger your friend paper says "...the strategy has, after all, suffered negative calendar-year performance in three of the past four years, and delivered its first back-to-back losing years since 1990..." WTF?
Some think trend following works, some don't and some think it is dead. Everyone can use their judgement of assorted PDFs and draw conclusions.
This thread reminds me of a sick dog who throws up and then laps it up. Trend, blah, blah, blah, trend, trend, uoooh (vomit), then start all over again....
BREAKING INTO THE BLACKBOX: Trend Following, Stop Losses, and the Frequency of Trading: the case of the S&P500. PDF: http://www.cass.city.ac.uk/__data/assets/pdf_file/0020/124355/Stop-Losses-v8.pdf