That would work perfectly HarveyH42 except I was hoping to somehow drive the two LED's from a single pulse from a PWM of a microprocessor from 1 output pin. I was going to ease that into the first post earlier but for some reason didnt.
I basically want 1 pulse from the pwm to turn one LED on and the next pulse to turn the other one on and so forth without a 555 timer, Perhaps even with a manual pushbutton switch as a demo before the microprocessor.
Ron H...Those forums did help some...none really dealing with my particular problem but I did see a J-K flip-flop or D-Latch flip-flop that I might be able to work with but still am not sure how those can store the latest state of the LED and switch to the next LED output.
Thanks all for replying and keep doing so if any ideas spring up.