I'm actually hoping for a downturn now, bitcoinwatch seems to say that shortterm the price will drop due to the price going below the 50h moving average.
I was only talking about the next 1 to 2 hours. The last bearish phase lasted a "whole day", so this rally up from $16 may still have an exciting top coming up soon tonight.
Note: "On Average" these statements about rallies having an exciting top are usually true, nothing is certain.
Currently the ticker reporting on Mt. Gox is broken, so for all we know, we could have missed the top.