"It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine--that is, they made no real money out of it. Men who can both be right and sit tight are uncommon."
-- Jesse Lauriston Livermore
Mostly, ready to hold Long even for years irrespective of no upward tick but not interested to carry over the Short even it's in down trend.— Murugavel (@murugavell) December 12, 2015
When it was posted in May 2014, break down not materialized but it moved up and stayed above 1200-1300 and the effect is, it made new high 1894 in Aug 2014 but after the above mentioned reminder post it broken the 1300-1200 in April 2015 but this time it went up to 1290 only ( that means unable to break the 1200-1300 hurdle) in July 2015 and last Friday it came down to 602.
So it took more than 6 month to reach the mentioned Ultimate down side target. that is from 1200 to 600
Now last hope 590-570
(listed time low)
but below that
next in down side 400-380
Below chart explain even better
(click the chart to get the zoom view)