I experienced this for the first time as well the other day. However, I was on approach to MMMX (Mexico City), still turning to the IAF. I had the ILS tuned, but had not activated the V/L or LAND buttons. I was in the bank from VOLUN to MX901, when it started bouncing up and down. It finally settled down on its own in time to arm the ILS modes and land properly. Turbulence on low, PROF armed, no traffic around me (late at night), no visible weather changes.