If your flashing warning light is a ! inside of what looks like a gear and flashes it is a transmission warning light. There will we a code why the light is flashing but you cant read it with a regular scan tool you need to have them read at a transmission shop that has a special trans code reader. I have a 2001 DOHC Taurus and i had this same light come on and flash. It didn't come on right away it came on about 5 mins after i started driving.
Could be alternator light
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