...we would like to watch the famous flamenco dance and perhaps bull-fighting. Any cheap but good places to go to? Actually we don't have much time in Madried cos' we also intend to make a one-day trip to Toledo (perhaps on Mon, 25th Oct). Haven't booked anything yet though, still looking for a one-day package trip...

The corridas de toros come to a screeching halt after October 12th. I believe there is one left at Las Ventas today and they will be sparse until next Feburary.

Thanks for the info, though