OK, here's my official prognostication: We're going to get another rate hike. You know why? Because of my always-reliable
Restaurant Seating Indicator
That's right, whenever I go through a period of not being able to get a seat at a restaurant, that means everyone is just too flush with cash, and the economy is going into overdrive.
in Tyson's Corner, Va. Met a friend for lunch there the other day, and the place was mobbed. You couldn't squeeze in, with all the black
Centurion cards floating around. And we're not exactly talking cheap diner fare here. Furthermore, this was on a Tuesday, midday, not prime time Saturday night!
Technical Analysis: Join the discussion on
TSC message boards.
: Back relatively early from a swim meet this past weekend, we stopped into our nearest
Dave & Buster's
. Sunday night, about 7 p.m., and we had a 45-minute wait for a table! And if you've ever been in a D&B, you know it can seat about 137,000 people. Yet we still had to cool our heels in that video arcade area. Ridiculous. (Sidebar: How can this chain not be doing well? I dropped $20 just keeping my kids occupied with video games and the like. I'll confess, though, I did use that neat skiing simulator a few times...)
So, you heard it here first. The economy is overheating, and the
will act. I'm betting my Amex Black card on it!
Anyway, enough blubbering, let's get to some charts. Today, I wanted to take a look at some old war horses. No, not stuff like
USX-U.S. Steel Group
, or even
. Those are
old war horses.
No, I'm talking about stocks like
! You remember, those, right? Yeah, they used to be the "latest thing." And now, well, they're like
: Still a lot of talent there, but seemingly back for only cameo appearances.
First up is
, requested by reader,
wanted to know about Lucent, so here we go.
queried me about Amazon. Isn't
about due for another "big announcement?"
Many requests for AOL, which even after all these years is
the most requested stock I get.
And finally, reader
wanted an update on
And that, folks, puts the finishing touches on yet another week. By the way, if you can find a Color Game Boy anywhere in stock on
Web site, please let me know!
Gary B. Smith is a freelance writer who trades for his own account from his Maryland home using technical analysis. At time of publication, he held no positions in any securities mentioned in this column, although holdings can change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Smith writes five technical analysis columns for TheStreet.com each week, including Technician's Take, Charted Territory and TSC Technical Forum. While he cannot provide investment advice or recommendations, he welcomes your feedback at