After stalling on the highway while the car was bucking and the rpm guage was flickering... i had the puppy towed to my work. We hooked up the code reader and it said bad pickup in the distributor. So I put a new magnetic pickup in... put a new coil. And still no spark. There is power going to the coil... but i crank and crank and no success. The Icm (ignition control module) controls the coil telling it to fire. So I think it is bad. Can any body help, this stang is to good to not run.

 

Control module is most likely cause. They give about that much warning before failing.

 

Are you sure you have gas? (hear pump hum)
Have you pulled spark plug wire to see if
there is spark?