not every automatic car. The automatic gearbox on my TSX lets me hold a gear and bouncing off rev limit.unfortunately they do that in Every automatic car with a "sport-tronic" like shifting interface. They assume you forgot you had it in sport shift mode and up shift for you when you approach redline too rapidly.
what I hate the most is the 0.5 to 1sec it takes after you press the up shift for it to actually change gear sometimes.
which is why I buy my cars Manual. i can't stand not being in control when I need it.