Wow, great job keeping it happy enough to grow so many spikes!
Question though, how often do you fertilize? When my Phals spike they haven't given me as many blooms as when I first bought, just a couple, even if I get two spikes. I've been thinking maybe I don't fertilize enough or simply I don't do something just right to really give the plant the energy it needs.
So I'm wondering if your plant is happy but needs something a little bit more...?
This winter my Wilsonara (Oncidium intergeneric) grew a spike, when it was still really small I noticed a second spike coming up, I was psyched!!!! But then as the other continued to grow the 2nd one never did. The first spike has long since flowered and died, and still the little spike has done nothing. I know I haven't watered this plant as much as it would like, which means I probably haven't fertilized it enough either. Meanwhile an older pbulb is growing a new growth.
One more example - bare with me
- is my Zygolum which last year started growing three new growths. While two of them continued to grow, one of them 'stalled' (as I called it). Of the two one spiked the other did not. Then after the bloomed one was done the 'stalled' growth started up again and now has two spikes in bud.
SO long story short, our plants clearly 'make decisions' concerning what it can and can't do with the nutrients provided it.