I thought the Airprox theory was along the lines of:
- Gust triggered overspeed warning, probably engaging high-speed protection
- High speed protection raised the nose - possibly only a degree or so
- Second turbulent gust erroneously triggered either alpha protection or alpha floor
- If it was alpha prot, then the existing thrust settings were sufficient to cause the aircraft to climb as a result of the false overspeed protection
- Or if it was alpha floor, the increase in thrust caused the aircraft to climb in the same manner
We know from AF447 that at cruise level, there was enough kinetic energy at cruise thrust settings to allow the aircraft to climb when the PF pitched the nose up. So in the case of the airprox, an increase in thrust caused by A. Floor would not be necessary to make that aircraft climb.
"What's it doing now"? Simple - it's nose-high and climbing. Best get the nose down and back to our cleared FL, then. No need to worry about laws, modes, or pushing buttons - just do the intuitive thing and the aircraft's systems will comply in a fairly transparent manner.