Robby,
At what speed does this occur? Mine does something similar but between 20-25 and if I hit the gas, it'll drop down from 3rd to 2nd and then I get a loud clunk. If I wait until like 18-20, the tranny automatically drops down to 2nd and then when I accelerate it doesn't clunk because it's already in 2nd. Is this what yours is doing?
~DM~

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-1999 Bright Red 4x4 5.4L XLT F150 Super Cab
-2000 Oxford White/Arizona Beige 4x4 5.4L Lariat F150 Super Cab
-2001 Chestnut/Arizona Beige 4x4 5.4L King Ranch F150 Super Crew
-2003 Laser Red/Arizona Beige 4x4 5.4L Eddie Bauer Expedition.
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