Ok, I ended up just trying it last night. I think this is the power steering fill/resivor... lol.
When I opened the lid, it was low, and smelled burnt and kind of sweet, like sugar.
I used this hand pump to suck out all the fluid in the resivor...
Then I filled it up with new, started the car and did full right to left turns, over and over and over again. I repeted this untill I had replaced 2 quarts of the ATF with new.
The steering is sooo much better! Not perfect.... But I'd say 95% better! So I'll put a few miles on it and continue the process untill fluid looks fresh.
Thanks for your help guys!