i had this same problem, only i have an '89gt...and my problem was the fuel pump relay underneath the seat...it went bad...shut the pump down...and the car died...would still crank, but wouldn't fire. it did exactly what you descirbed
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'89 GT, T-5,
Vortech S-Trim, GT-40P heads, MAC 1 5/8" headers, MAC Off-Road H-Pipe, 2 1/2" Flowmasters, Edelbrock 65mm T.B., Trick Flow Intakes, Crane 2031 cam, 1.7 Roller Rockers, Screamin' Deamon Coil, 255lph Fuel Pump, T-Rex, SVO Motorsport Clutch, Adjustable Fuel Pressure Regulator, Formula GP Suspension, MAC Upper & Lower Control Arms, FMS 3.73 Gears.
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