Its sounds like your Thick Film Ignition (TFI) module gave out on you. Its a common problem with the distributor mounted models. Its the small box on the side of your distributor with the wires going into it. It may also be the pickup in the distribtor, but the TFI is more likely.
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Good luck!
Brad R.
1992 L.X. 5.0 coupe
MODS: A few little bolt ons 
New Best time ...11.60 @ 128 mph @ 2000+ ft altitude.
Rice Haters Club member #39
Users rides #2542
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