727 shift probs

Unless it's changed over the past few years, the #1 transmission additive used in transmission shops was a product called LUBE-GARD. There are different types available, but in your case I think the RED bottle product would best suit you. Google the name LUBE-GARD and go to their website to see the additives they make for automatic transmissions and the various NEW oils currently being sold/used by the OEMS. I've heard that TYPE F is no longer being made and is very hard to find.

I haven't heard anyone know what Lube Guard is for quite awhile. :D
Aamco carries it last I knew.
Red is the one.

I agree it kind of sounds like a sticky valve or governor on the upshifts, but that wouldn't explain second slipping would it?
Almost sounds like fluid aeration symptoms to me, but where?
Or half way between gears? (linkage adjustment?)