The transmission is controled by a computer, and a bunch of sensors. The transmission is smart enough to diagnose most problems so try this. (I know its a long procedure but it should definately help.
Here are some things to check out. First there is a self diagnostic procedure. This works on my 89 auto transmission. It should work on others. I know its a little crazy, but this sequence of events gets the transmission to go into diagnostic mode and a series of flashes will come up on your O/D Off indicator. This is straight from my FSM.
1) Start the car and warm it up to normal engine operating temperature.
2) Turn the engine off, moving the key to the full off position without removing the key.
3) Set the overdrive switch in the "ON" position
4) Move the selector lever to the "P" range.
5) Turn the key to the on position (Do not start the car)
Does the OD Off indicator lamp come on for about 2 seconds?(if yes, go to step 6, if not go to Diagnostic B below)
6) Turn key to the off position
7) Move lever to the "D" range
8) Set overdrive switch in the "OFF" position.
9) Turn key to on position (Do not start the car)
10)Move selector lever to the "2" range
11) Set overdrive switch in the "ON" position
12) Move selector lever to the "1" range.
13) Set overdrive switch in the "OFF" position.
14) Depress accelerator pedal and fully release it (remember car is off already at this point)
15) Set overdrive switch to the "ON position
At this point there should be a series of flashes on your OD Off lamp. I wont put all of the errors on here, but what you will see is a long flash and then a series of shorter flashes. If all the shorter flashes are the same, your transmission is "okay". If one, or several of the flashes are longer than the rest, then count which one is the longest and post it back here. Actually, I will give you the list of errors. There is 1 lead flicker followed by 10 judgment flickers. This sequence will end when you turn the key to the off position.
These error codes are for an '89 I would assume they still apply All flickers the same - okay
1st judgement flicker is longer than others - Revolution Sensor Circuit
2nd judgement flicker is longer than others - Speed Sensor Circuit
3rd judgement flicker is longer than others - Throttle Sensor Circuit
4th judgement flicker is longer than others - Shift solenoid A Sensor Circuit
5th judgement flicker is longer than others - Shift solenoid B Sensor Circuit
6th judgement flicker is longer than others - Overrun clutch Sensor Circuit
7th judgement flicker is longer than others - Lock-up Solenoid Circuit
8th judgement flicker is longer than others - Fluid temperature Sensor Circuit and A/T control unit power supply
9th judgement flicker is longer than others - Engine revolution signal Circuit
10th judgement flicker is longer than others - Line pressure solenoid Circuit
All flashes the same length (including the start flicker) could indicate low battery, battery has been disconnected for a long time, battery is connected conversely
Diagnostic B, if OD light dowsnt come onCheck Inhibitor switch, overdrive switch, kickdown switch, or idle switch circuit is disconnected or A/T control unit is dammaged.

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