check engine light comes on when driving over 55 mph code is 0740 on 2004 Volvo C70

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when the light comes on the code comes up tcm 0740 or 0700 the transmission shifts and runs fine until this happens and then it has a clunk when it hits 50 mph as it is slowing down and after stopping it goes into a safe mode, where it is sluggish to move for the first 20 mph then it seems normal. When I turn off the code it runs fine again until I drive over 55 mph for any length of time and the lights start flashing again. I changed the trans oil and flush, then changed the valve body and it is still doing it
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