carter

By setting your entry and exit points using the Fibonacci retracement
levels you have identified, you put the odds in your favor that
you will be successful over the long run. Though you may lose some
money on this particular trade, if you continue to set up your trades
in a similar fashion, you should be profitable over the long run. We
talk about why that is more fully in Chapter 16 on money management.
For now, just know that if you stand to gain more than you
have at risk, the odds are in your favor over the long run.

One of the most convenient features of technical analysis,
including Fibonacci analysis, is the ability to use the same strategies
in both upward trending and downward trending markets. Looking
again at a chart of the USD/JPY pair (Figure 14.21), you can see that
the same relationship between the price movement and the Fibonacci
retracement levels that existed during a downward trending market.
Once again, you would have been focusing on the 38.2 percent
retracement level for your trade entry point. However, in this case
because the previous trend you were analyzing was an uptrend, you
would have been looking to set your entry point at 10 percent above
that retracement level instead of 10 percent below the retracement
level. Setting your exit points also follows the same pattern we have
been discussing in the last two case studies. You would set your stop-
loss exit point at the 50 percent retracement level, and you would
set your profit target exit point at the 0 percent retracement level.
Of course, your stop-loss exit point would be below your entry point,
while your profit target exit point would be above your entry point in
this case because you are anticipating that the currency pair will
resume its previous upward trend, but the idea is the same.

Now, in looking at the previous three case studies, you have
probably noticed that the price of the currency pair has moved well
beyond the initial profit target set at the 0 percent retracement level
in each example. This should not be a surprise because, as we mention
earlier, if a currency pair has established a new trend, it will
most likely continue in that direction until something in the market
changes. Knowing that this is generally the case, we want to show
you how you can project future continuations of a previous trend
utilizing Fibonacci projection levels.

casino

Justifications of Zoos
Another approach to the zoo debate is to examine the
reasons for keeping animals in captivity. If the benefits of
zoos are negligible, animal advocates contend, then keeping
wildlife captive cannot be casino justified. However, if significant
benefits can be shown, captivity for at least some animals
might be defensible.
ENTERTAINMENT. Historically, the predominant function
of zoos has been entertainment. Studies of zoo visitors show
that most people continue to see these facilities as parklike
settings for casual family socializing (Kellert). To zoo opponents,
public amusement is a trivial reason for holding
animals in confinement (Jamieson). Opponents especially
attack circuslike events, such as sea lion shows, that use
trained animals to draw large crowds. Similarly, zoos that
import animals such as giant pandas to boost attendance and
revenues have been condemned. Such events are seen as
denigrating the animals by exploiting them as public spectacles.
Although zoo directors vaunt high attendance rates,
many de-emphasize entertainment as a zoo goal (Luoma).
Baby elephant rides and similar amusements are gradually
disappearing as zoos try to develop a more serious image.
However, zoo educators claim that entertainment is necessary
to keep visitors interested in learning. Also, zoo administrators
assert that animal shows, special events, and traveling
exhibits are sometimes essential to raise the funds needed
to pay for research and other zoo missions (Cohn).

The life journey of the individual is marked with rites,
particularly at birth, initiation, marriage, and death. Birth
and name-giving ceremonies express joy in the family and
gratitude to God for the child. Children are the symbol and
actualization of immortality; they counteract death with
new life, and old age with rejuvenation. At adolescence,
initiation ceremonies are performed, often followed by a
period of seclusion for the initiated, during which they learn
matters pertaining to adult life. Initiation ceremonies serve,
among other things, to give the individual an identity as a

AFRICAN RELIGIONS

member of the community to which he or she is thereby
mystically bound. The most dramatic involve circumcision
for boys and clitoridectomy for girls. The personal shedding
of blood forges mystical links to the ground, to the land.
Marriage is a religious duty that, under normal circumstances,
everyone is obliged or expected to fulfill. The
bearing of children is the central part of marriage, and no
efforts are spared to ensure that there are children in each
marriage; otherwise, the couple fails to become a family. In
effect the family never dies; only its members do. If, for
example, the husband is impotent, his “brother” (in the
wider sense of kinship ties) will (must) sleep with his wife so
that she will bear him children. If the wife is barren, her
husband will marry another wife, who will be expected to
bear children for both wives. Polygamy is an accepted and
respected form of marriage in about 15 percent of African
families. Children knit the community into a vast network
of relationships: brothers, sisters, cousins, parents, grandparents,
uncles, aunts, and many distant relatives. The basic
philosophy says “I am because we are, and since we are
therefore I am.”
Burial and funeral rites serve, among other things, to
send the departed in peace to the spirit world, and to express
condolences to the bereaved. Various symbols and acts speak
of death and the continuation of life: normal activities are
stopped for a day following a death or funeral; hair on the
head is shaved; the house of the departed is closed or even
abandoned; clothes of colors that symbolize bereavement
(white, black, or red) are worn; the bodies of surviving
members of the family are smeared with mud or white chalk;
cattle are driven away from the homestead of the departed;
people fast; and fires in the home are extinguished. Some
societies bury a few personal belongings with the dead, such
as spears, cooking pots, ornaments, money, and clothes.
Among other groups the property of the deceased is
distributed—by force if need be—among relatives or clan
members.

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