MSP430 Launchpad LED Chaser Down mode

#include  <msp430g2553.h>
#define MAX 3000
unsigned int i = 0;                         // Initialize variables. This will keep count of how many cycles between LED toggles

void delay()
 {
 for(i=0;i<=MAX;i++);
 for(i=0;i<=MAX;i++);
 }
void main(void)
{
  WDTCTL = WDTPW + WDTHOLD;
  P1DIR |= BIT0;
  P1DIR |= BIT1;
  P1DIR |= BIT2;
  P1DIR |= BIT3;
  P1DIR |= BIT4;



  P1OUT |= BIT0;   // initially i off the bit
  P1OUT |= BIT1;
  P1OUT |= BIT2;
  P1OUT |= BIT3;
  P1OUT |= BIT4;

  for(;;)
  {
  P1OUT &= ~BIT0;
  delay();
  P1OUT |= BIT0;

  P1OUT &= ~BIT1;
  delay();
  P1OUT |= BIT1;

    P1OUT &= ~BIT2;
  delay();
  P1OUT |= BIT2;

    P1OUT &= ~BIT3;
  delay();
  P1OUT |= BIT3;

    P1OUT &= ~BIT4;
  delay();
  P1OUT |= BIT4;


  }

}