"<font color="#6699ff">[b:654c4848f0][i:654c4848f0]As long as I leave my foot on the starter peddle (starter NOT engaged) it runs. I take my foot off the starter peddle, it stops.[/i:654c4848f0][/b:654c4848f0]</font>"
Take a look at the diagram below.
Note the black wire that is connected to the starter switch and ignition resistor.
Take a look at the photos below.
Note the side terminal on the starter switch.
Note the black wire connected to the side terminal on the starter switch leading to the ignition resistor.
Note the black wire from the starter switch connected to the "output" terminal on the ignition resistor.
When you press down on the starter pedal, power goes directly from the battery to the ignition resistor and coil at start up.
Take a look at the diagram below.
Once you release the starter pedal, the power comes from the ignition switch to the ignition resistor and coil.
"<font color="#6699ff">[b:654c4848f0][i:654c4848f0]Can anyone tell me what is wrong?[/i:654c4848f0][/b:654c4848f0]</font>"
You might consider using a test light to "troubleshoot" the ignition resistor first.
Take a look at the photos below.
Turn the ignition switch [b:654c4848f0]ON[/b:654c4848f0] and check for power at the ignition resistor "input" terminal.
If there is power, then check for power at the ignition resistor "output" terminal.
If there is power, the ignition resistor is good; otherwise the ignition resistor is bad.
If there is no power at the "input" terminal on the ignition resistor, then check the ignition switch next.
Take a look at the photos below.
Turn the ignition switch [b:654c4848f0]ON[/b:654c4848f0] and check for power at the [b:654c4848f0]IGN[/b:654c4848f0] terminal.
If there is power at the [b:654c4848f0]IGN[/b:654c4848f0] terminal, then the ignition switch is good.
If there is no power at the [b:654c4848f0]IGN[/b:654c4848f0] terminal, then check for power at the [b:654c4848f0]BAT[/b:654c4848f0] terminal.
If there is power at the [b:654c4848f0]BAT[/b:654c4848f0] terminal AND no power at the [b:654c4848f0]IGN[/b:654c4848f0] terminal, then the ignition switch is bad.
If there is no power at the [b:654c4848f0]BAT[/b:654c4848f0] terminal, then check the wire and connection to the battery.
Hope this helps.