I think today was a natural retrace (after a fairly dramatic...

I think today was a natural retrace (after a fairly dramatic spurt upwards) caused by profit taking, day traders selling after perhaps getting in this morning thinking the run would continue and they could turn a quick profit for pips, and just general market malaise - think ASX was down 38 points at close.

Wouldn't surprise me if we went sideways or even closed another cent down tomorrow (don't get me wrong - I would rather us keep going up) but it was a rapid rise over the last few days that may be cooling off.