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OP back. Problem solved . Thanks to all for your help & advice. What I did is repace PS pump belt and I tightened it more then it had been. It now has just about 1/4" play whereas old belt had about 1/2" play. Purposely drove thru deep puddles this yesterday & Today and no longer do I get steering loss. Guess it either needed a new belt or belt to be tighter. Sure glad it was not harmonic balancer. That would have beeen a much costlier and involved job. Again many thanks.
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' 88 740GLE auto wagon nearly 202,000 and ' 87 240DL auto sedan nearly 135,000
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