Ok, I apologize in advance for being a complete idiot in my description. I have now had a decent amount of time to drive around in the truck, and from reading more on the forums here, have much better description of issue. I now think the issue is TV cable adjustment, here's why... I need to be clarified on the issue though.
The truck shifts fine from Park > Drive.
From 1st > 2nd... thats when it had a 'Thunk' but not ALL the time.
2nd > 3rd... seems like it slips during the shift, engine will rev up as it changes gear, almost like it has a split second of neutral during the shift. But this again, not ALL the time.
3 > 4th, Seems like I do NOT have a 4th gear. Truck will be revved pretty high and wont shift, even if I tap Off the gas to coax it. I am to chicken to keep going to see at which RPM it does shift. 4th seems gone. Good thing this truck doesn't really get highway time. (I do not have a Tac on the truck, dash is all stock)
This is an OD transmission. 174K Miles, dunno if its original transmission or not. Fluid is clean, smells pretty and at proper level. No drips on the ground from anything ever. (so far). U-joints are pretty. Motor idles really really smooth. hardly feel it running. Mounts are good.
TO: diesel4me--- I'l have to take it to a shop to have the things you recommended checked, I have no clue what that stuff is. I just know very basics right now, but I am really mechanically inclined and can learn quickly once I have all the tools and more importantly... time. Once summer hits, I'm not afraid to tear the truck apart... LOL!