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Hi Charlie,
I don't know if this applys to an 85 240 but my 72 ES has what they call a "Warning Valve". If your 85 has such a valve you may have activated the valve when you were bleeding your brakes. You did not say any thing about the brake warning light in the instrument cluster so you may not have a warning valve or the light in the instrument cluster is burned out.
If you do find that you have a warning valve then you need to reset it.
Remove the electrical connection on top and loosen the switch housing just enough to let the poston inside return to the center of the housing.
If you have a meter set it up as if you were looking for a short. Place one lead on the electrical connection and the other on a ground (one of the brake lines will do, there close). If the warning valve has been triggerd you will see a short. Loosen the switch housing until the short is gone and retighten the switch housing.
Hope this helps,
Ron J
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