Well, it turns out it was the Crank position sensor. Problems a lot worse then expected. The Sensor was cracked, it happened when my wife floored the accelorator. Meaning I've got some issues with the Torque Converter.
I installed a new one, I first rotated the torque converter until the metal pad that causes the sensor to function was positioned right under the Sensor. The tolerance on the holes allow for a little slop so I didn't want it to low.
I cranked it a few times and removed it to see if there was any scrapes on it. Did not look like it hit, so I did the same procedure and re-installed it. Cranked it over and it fired right up.
The answer to my question: Yes there is only an intermintent Volt reading when the Key is positioned forward. It only last for about 1 second.
Next project See why sensor was broken. Could be the crank or the torque converter.
Sunday, December 14th, 2008 AT 12:18 PM