Colby,
Found this....
Automatic Transmission Fluid: Place a couple of drops of warm fluid on a white paper towel and wait a minute. If the fluid spreads and is light brown, red, or pink in color it is still good. AFT does get a little darker with use. However, if the spot remains small and is dark brown or even black, oxidation and varnish is a problem. It is definitely time to replace the fluid and have the transmission checked out.
Smell the fluid. If it has a slight burnt odor this is probably normal. However, if it has a strong odor like rotten eggs or burned electrical parts, there is definitely a problem. A
milky pink look probably means engine coolant is leaking into the transmission, a condition that should be corrected immediately.
Here's the whole article...
http://www.womanmotorist.com/index.p...340/event=view