Originally Posted by sknhgy

My riding conditions are the same as yours. I have a Shiningbeam MC-E flashlight in a $2 holder. The holder is from Deal Extreme.
The holder allows me to pivot the light down when I meet a car, or pivot it up to flash an oncoming car that won't dim it's brights.
The light snaps in and out of it's holder with one hand - something I do regularly while pedaling along. That's handy when I want to look at something off to the side of the road, or use the flashlight as a flashlight.
It works extremely well. I could post a pic if you want me to.