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I have the same up arrow flashing w/ check engine light. The diagnosis for my car is one of three things. Bad shift solonoid for the trans, broken wire to the wire harness on the trans, or just some misc. electrical problem having to do with the trans. All of which sound bad, but they really aren't to bad. Solonoid is about $100. Also I do have the ABS light and the TRACS light come on periodically. That seems to be a fault in the ABS module. That just needs to be repaired. From what I know getting yours repaired is better than getting a new module. Here is a website of a guy that does the repair: home.earthlink.net/~vicrocha He is very reasonable and highly reccomended by other brick drivers.
Good luck!!
Ken
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2000 V70 XC / 2001 S60 totalled while parked :(
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