Hi jaxorchidman
It is an indication that your plant is healthy enough to go through a complete sequential bloom cycle.
This plant is a great bloomer. Mine started blooming about the same time as yours when this photo was taken. You may be able to see the buds on some of the branches off the blooming spikes that are just opening now. I also had 2-3 separate spikes on each pseudobulb. The ones that produced only 2 initially are now putting out a third spike. Even every small division I propogate in water culture are putting out new spikes.