Typically, when an automatic transmission starts going bad, you'll notice the gears, usually the higher ones like 3rd or 4th "slipping". in other words, the engine will rev up really fast without noticing any increase in speed. When this happens, you can bet that it won't be long before it stops working altogether.
Really though, 70,000 miles is not that much on a transmission... unless you live in a mountainous (sp?) area.
The best action to take in the case of a bad transmission, at least with my experience, is to get the transmission rebuilt after it finally dies. It may cost around $1000 bucks, but you practically get a brand new transmission that'll be good for at least another 70K or so miles.
Hope this little bit of advise is helpful.
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