KLCI already rally up since 26 Sep 2011 from lowest 1,331 level. The V shape dip and recover just take a month + and from big problem flow out till now only promise make by European and US, no action at all to solve the problem yet.
Base on the share market responsive, after a "big wash out weak holder" on 21 Oct 2011 now the smart money is holding most of the share and I think soon newspaper will flow all good news for investor to re-enter the market for the smart money to take profit.
In shoot term I thing likely KLCI will hits 1,500 level in Nov and all the buying share should be stop by year end and hold your money for the next big dip in 2012.