Mine did the exact same thing. Replace the pickup coil. Or you can do as I did and replace the whole dist. A new pickup coil is about $20 at the auto parts store. If I can find the thread, I will post a link to it.
Caymon
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'90 GT Under construction
Best E.T. = Fast @ High Speeds - OK So I Lie. So What!!!  
04 F-150 STX 4.2L 5 spd
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