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If you just got that bike and are not sure of the service history then you should change the air in the tires as well. Stale air in your tires can void your warranty not to mention the rough ride.
It's the transmission. Use a transmission/gear oil of your choice. I like Red Line Shockproof, but your choice may be different.
If it's a used bike you should change *ALL* the fluids, & I mean *ALL*! That's right, engine oil, primary, transmission, brake, & fork. It sounds like a lot of work, & unnecessary, but in the long run it'll be worth the effort & expense. If you do it yourself you'll know it was done, done right, & you'll be a lot more familiar with your ride.
If you are into wrenching at all you should consider buying a HD service manual and the Fix My Hog DVD's. If you get those 2 items you could afford something like the Redline VTwin oil pack and put some great lube in the holes and still have a few bucks left vs the $240 service.
I did look into it and yes checked hot and upright. Damn rain today is gonna keep me in a car so maybe tomorrow I can check it again. Thanks again for all of the help!!
If it's clear fluid (looks like water, but thicker) It could be Spectral Synthetic Trans Fluid. This is good stuff. My Indy used it in mine, but i wasn't aware of it until I changed it myself. I then used Redline Shockproof Synthetic. Had I known I would have kept the Spectral, but when I did my change I already had the Redline.
Both are good products. Redline does make it easier on us old guys when trying to see the fluid on the dipstick. Check it while standing upright not on the jiffy Stand. Make sure it's hot as well.
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