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Q: Transmission failsafeing and abs light on on 1999 Chevrolet 1500 Pickup

1999 Chevy CK1500 automatic transmission appears to be failsafeing intermittently to overdrive, very sluggish starting out driving. Could that be a shift solenoid problem? Could it also be a speed sensor problem? But my ABS light comes on as well! Are the two related?
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