i have posted befor that i have pulled my tv cable further and further to keep my 700r4 from slipping in gears now its running ok but not right, now when im in drive or overdrive the rpms will climb like normal then the rpms jump like its in neutral so i get of the gas and in corrects itself

i checked my tranny fluid and it seems to have enough but there is bubbles on the dipstick and the fluid smells like when u turn the furnace on for the first time for winter
the tranny does not shift smooth or like it used to
what needs to be done

thanx NICK

 

Sounds like it needs to be rebuilt, don't forget the converter, have it cut open and rebuilt or get a remanufactured or new converter.