Bear - I concur with Coot on this one. Daytraders typically need volatility or movements to make money, whether it's December or July. Right now, we have some nice volatility so I would keep trading it till it dries up.
The common thing I've heard is that the 'smart money' guys are on vacation over the summer, so stay out. Well, if you look at the volume lately, these guys are still here doing their thing. No vacations just yet it appears.
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