yo,
Krafty is correcto-mongo again on that thin wire to da indicator. Or get one from Ford; Chris A bought one from his local dealer for $20.00 in 2004
Shift Indicator Replacement in a 94 Source: by Chris A (blueoval78) at SuperMotors.net
Do you have any other problems such as CEL or other tranny shifting issues? If so, a guess is that the Manual Lever Position (MLPS) needs adjustmt or replacement if the Bronco was run thru deep puddles or..
Nagging Neutral Nonsense & Pinpoint Test, Manual Manual Lever Position (MLPS) also called Transmission Range (TR) Sensor. Some of the problems the MLPS can cause are wrong gear starts, TCC hunting, no 4th gear, engine stalling, high or erratic line pressure & a sudden neutral condition; The negative lead of the multimeter should be placed at the MLPS signal-return ground terminal at the MLPS...This sensor is responsible for more malfunctions than any other sensor in the sys- tem, and the kicker is that it seldom stores a code 67 or 634..." Source: by Pete L at transonline.com
and for the initial problemo;
Shift Cable Adjustment & Indicator Cable Adjustment in 92-96 Source: by Steve83 (Steve, That dirty old truck) at SuperMotors.net
Steve also shows how to adjust that Shift Indicator Cable WIRE;
1. Remove the four screws from the lower steering column shroud. Remove the lower steering column shroud.
2. Rotate transmission range selector lever clockwise until it bottoms out in first gear.
3. Rotate transmission range selector lever counterclockwise three detents (overdrive position).
4. Hang a three pound weight on the transmission range selector lever.
5. Center pointer in the middle of D if equipped with C6 transmission, or (D) if equipped with E4OD transmission, by rotating the thumbwheel located on right-hand side of steering column actuator housing.
"...If the cable sheath is white, it's probably about to break no matter how careful you are. If it's black with mesh reinforcement, you almost can't break it..."
Source: by Steve83' he is describing the WIRE as the CABLE
For more info, see these photos & diagrams see his:
http://www.supermotors.net/registry/media/701936
Items #26 & 34 are known to get loose; #28 is known to wear.
34 Screws, Arm N806584 (Automatic Only)
26 ****** Shift Tube Clamp N806584 (Automatic Only)
Items #19 & 25 are known to break, and Ford offers upgraded versions.
19 Column Shift Selector Lever Plunger 7361 (Automatic Only)
25 Transmission Column Shift Selector Tube 7212 (Automatic Only)
Its for a Crown Vic, but similar
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GL