The markets have spoken this week, and the general indices have performed an about turn from the drop starting in early August, and are signalling a new uptrend.
The saying 'the trend is your friend, until the end when it bends' has been no more apt than during the last couple of weeks, as short positions have been exited, and starting to be replaced by new long positions (posted in real time in the members area).
It is a trend followers job not to question why a trend has changed, merely to act upon it. Changes in trend always lead to a) a loss of open profits, at best, or b) losses taken exiting losing positions as stops have been hit.
Trend following is purely an unemotional trading activity - the system rules are designed to get you in and out of your positions. Combined with appropriate risk management, this means you can absorb any losses, keeping you in the game and be able to move onto new trends, new possibilities. Who knows, this new trend may take off and propel us to new highs for the year or even more...