Trend following is an excellent approach. Of course, identifying it is not always easy.
I don't trade the indices.
I have found using both to be a good approach. Particularly in advising clients who have differing risk profiles and investing acumen.
Do you invest (or trade) in individual securities? If so, what is your approach?
Sorry for being so nosy, it's really market research on my part.
I guess in the end it is a sell discipline that is most important part. I do try to figure out what part of the bell curve a stock is in try to get favorable entry. You know risk one to make five.