Will stock markets probe new lows?

The Shanghai market has broken below an important support at 2,500. Will it challenge 1,664 Oct 2008 low soon? Daryl Guppy thinks it would. This is despite having tentatively called a "bottom" in China 2 weeks ago. If China makes new lows, the Western markets will likely follow too. I should wait a while more before moving in on China.(although it is very attractive now).