i have an automatic 1999 mustang gt

when i accelerate, the mustang revs up to like 2500 RPMS and then it stops and revs up again to whenever i decide to stop. It kinda like stops accelerating for like a second (just enough for me to notice) and then it starts acceleerating back again. The whole time my acceleration foot is in the same position. it seems like she's not getting enough power. so what would be the cause of this? is it the o2 sensor or my transmission or what? also...i floored it today (after she was warm of course) and i noticed that my service engine soon light started blinking!! i looked it up and it said that i was having an engine misfire. [:@]. what causes this and how do i fix it? i also have had my ABS light on for about 4 months now and i was wondering why it is on. i dont notice any braking problems at all. i dont know why this light is on. if anyone could give me some advice about this as well that would be great.

thanks guys.

 

spark plugs

 

Either spark plugs orone ofyour coils is shot. Hope it's the plugs cuz coils are expensive!

 

ok so the plugs (or coils) will fix my reving problem, but what about the ABS? will the plugs/coils fix the engine misfire problem too?

and thanks alot 4 the help guys