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canklecat is right that a light in your wheel is a huge attention grabber. I've been complimented on mine. But I can't seem to keep it supplied with a fresh button cell battery. I can ride it in the rear wheel, but in the front, it distracts me too much.
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michaelm101, reflective stuff is not nearly as effective as something that emits light. You're not guaranteed light will hit you at the right angle.
I make these fork mount for my bikes. I usually use PVC, but sometimes I use copper pipe. Miter the inner end to match the curve of the fork. Cut a couple of slits to let the hose clamp through.