My 88 DL suddenly refused to start three weeks ago. It cranks over and over, but no start.Below is what I have done or learned since then:

1. I installed a new timing belt yesterday
2. I installed new dist.cap, coil, rotor, plugs and wires
3. When I pull a plug from the head after cranking the engine, it is wet and smells like gas
4. Spraying starting fluid in the intake hose makes no change
5. When the key is turned to the on position, the fuel relay clicks, then it clicks a second time as the key is further turned to crank the engine
6. When I jump fuse #6 left side to fuse #4 left side, I hear the main pump run
7. I installed a new 25 amp fuse under the hood and the wire looks good as well as where it is attached to the battery
8. A spare plug attached to a wire and held close to manifold produces a yellow spark when engine is cranked
9. All ground wires under the hood were in good, tight condition.
10. Really weird: yesterday when the key was in the on position but not cranking the engine, I heard a sound from the passenger floor area that sounded just like ripping fabric. It was a constant sound that lasted for the five or six seconds that I had the key in this position before I turned it off. I tried this again today but could not get the sound to repeat. Could this be from the ECU?

I'm sorry for the long post, but I didn't want to leave anything out, and I figured each part might be4 relevant. I'm good at removing and replacing parts, but not great at diagnosing these kinds of problems. Any other ideas would be welcomed.