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Check all of your wiring. I found that some of the insulation had and come off on my 96 850GLT. The problem with mine still required an ABS ECU rebuild by Vic Rocha, but the wiring thing would have gotten me sooner or later. Vic does really good work and the cost is about a fourth what the dealer will want for just parts. I took mine to the dealer first just to get a diagnostic done. Cost about $80 but at least I felt sure it was the ABS ECU before I pulled it out and shipped it off. The special torx that is required to remove the ABS ECU is available at higher end part stores. Mine cost $12 from NAPA. Unit is easy to remove and replace, and no ABS light since..
http://home.earthlink.net/~vicrocha/Volvo_Parts/Volvo_V70_ABS.htm
Good luck
Oliver
64 122S
66 1800S
86 245DL
96 850GLT
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