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Blinker and transmission lock up? - '03 Ford Ranger

Intermittently, when the blinker is on, the O/D light will start flashing and the transmission begins to shift harshly. A tech told me he remembered a long time ago reading something about complaints about when people were changing lanes, (using their blinkers), that the transmission torque converter would go into lock up mode.
Anyone have any idea's ?
Anyone have any idea's ?
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Where's the OD button on that truck. Is it on the end of the directional stalk?