Narrative:

While at cruise at FL310, ATC advised of traffic conflict and requested immediate climb to FL350 with right to 050 degree from 360 degree. Passing FL333, ATC requested immediate descent to 310 in very strong tone which implied a dangerous situation. Idle descent with high rate of drift down resulted in overshooting my altitude of 310 by 500', recovered 30500 to 310 immediately.

Google
 

Original NASA ASRS Text

Title: ACR WDB IN CRUISE AT FL310 RECEIVES INSTRUCTIONS FOR IMMEDIATE CLIMB, THEN IMMEDIATE DESCENT, OVERSHOOTS ALT.

Narrative: WHILE AT CRUISE AT FL310, ATC ADVISED OF TFC CONFLICT AND REQUESTED IMMEDIATE CLIMB TO FL350 WITH RIGHT TO 050 DEG FROM 360 DEG. PASSING FL333, ATC REQUESTED IMMEDIATE DSCNT TO 310 IN VERY STRONG TONE WHICH IMPLIED A DANGEROUS SITUATION. IDLE DSCNT WITH HIGH RATE OF DRIFT DOWN RESULTED IN OVERSHOOTING MY ALT OF 310 BY 500', RECOVERED 30500 TO 310 IMMEDIATELY.

Data retrieved from NASA's ASRS site as of July 2007 and automatically converted to unabbreviated mixed upper/lowercase text. This report is for informational purposes with no guarantee of accuracy. See NASA's ASRS site for official report.