I know I've posted specifics a few times before. I think the best thing to do first is to determine if the no od is in the EEC-IV part of the system or not. If it is, then you can fix what you find, if not, then the problem is hydraulic/mechanical and will require at least some disassembly of the transmission.
Start by pulling codes from the computer (see my notes on pulling EEC-IV codes). Resolve any codes that come up. Once you're getting all pass codes, and the problem is still there, then test the 3-4 shift solenoid circuit. It's a pretty basic DC circuit (computer acts as a ground side switch) and isn't too difficult to test.