Open loop then. That rules out the O2 sensor and coolent sensor. So it may be a distributor prob or IAC valve problem.
Do you have WinALDL? If so run it and see if it gives any clues. If not, take out the IAC valve and clean the pintle and the passage into the TB. See if that helps. If you're lucky DYeager will pick up on this and lay some of his wisdom on ya!