The four bright images of the gravitationally lensed quasar Q2237+0305 are
being monitored from the ground (eg. OGLE collaboration, Apache Point
Observatory) in the hope of observing a high magnification event (HME). Over
the past three seasons (1997-1999) the OGLE collaboration has produced
microlensing light-curves with unprecedented coverage. These demonstrate
smooth, independent (therefore microlensing) variability between the images
(Wozniak et al. 2000a,b; OGLE web page). We have retrospectively compared
probability functions for high-magnification event parameters with several
observed light-curve features. We conclude that the 1999 image C peak was due
to the source having passed outside of a cusp rather than to a caustic
crossing. In addition, we find that the image C light-curve shows evidence for
a caustic crossing between the 1997 and 1998 observing seasons involving the
appearance of new critical images. Our models predict that the next image C
event is most likely to arrive 500 days following the 1999 peak, but with a
large uncertainty (100-2000 days). Finally, given the image A light-curve
derivative at the end of the 1999 observing season, our modelling suggests that
a caustic crossing will occur between the 1999 and 2000 observing seasons,
implying a minimum for the image A light-curve ~1-1.5 magnitudes fainter than
the November 1999 level.Comment: 11 pages, 15 figures. Accepted for publication in M.N.R.A.