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.
I was only talking about the last 1 to 2 hours:
The charts are looking sick now, IMO sell now before the panic starts.