When are you going? I ask because there are two versions of this parade: the wet version and the dry version! I saw it in September and the floats were shooting water! When I saw it in December, there were no water cannons. I asked a CM and he said that when it's cold, they don't use the water (which makes sense to me!). Anyway, some folks got pretty wet because many of the floats had water cannon (opposed to mist sprayers). So, if you have non-water friendly electronics, I'd bring a bag to quickly stash them if it looks like the cannon is going to get you! Otherwise, as folks have said, there really aren't any "bad" spots to watch the parade. I'd just walk along the route until you find somewhere where you can sit down or see clearly and wait there.