Hello,
I would suggest upgrading to the latest version (1.0.2) to take advantage of bug fixes and manager improvements. It’s not likely to help much with a load spike.
The main thing I can think is keep tabs on your resources with the MT Grid service. It’s more or less shared hosting so they may cut you off if your site has a massive load spike. VPS or Dedicated servers they don’t care as much as any affects are isolated to your server vs affecting other clients.
The best suggestions I can make for preparing your site is to use yslow and try to maximize your score. They recommend enabling expires (
http://svn.modxcms.com/docs/display/Evo1/Friendly+URL+Solutions#FriendlyURLSolutions-SolvingInternetExplorerWoes) and I would suggest a two week window for most files. They recommend enabling gzip which isn’t bad, but bewared it’s double edged... Gzip increases server load to compress files on the fly, but it also reduces download time which can be nice. If MT support gzip you may want to turn it on (
http://salscode.com/web-resources/gzip-htaccess).
Beyond the above cache as many pages as you can and you should be in decent shape for whatever traffic you expect. If you don’t/can’t cache alot then try to get more resources for mysql.
If you have any questions on the above let me know, others many have some other suggestions.