Cam, I just checked my plant and the new spike is coming from pseudobulb about the size of yours.
I do not think they will bloom again from an old bulb....only from new. I guess you just have to keep watching and if it is a spike it will show itself soon enough. Mine is about 14" long now and seems to grow about an inch a day. Last years spikes were 3 to 4 feet. I think I'm only going to have the one this year although there are 5 new small new bulbs.
Wish I could help more but this plant is new to me to, first time blossoming from my care.
Al
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