The Optical Encoder was cracked. It was alot of work tearing the wheel down to figure out what was wrong. I thank the internet for finding the problem and how to take this stuff apart without tearing it up. I ordered a new Brass Optical Encoder 60 slot from Thialand for $30.00 and I am gonna pay $30.00 more to not have to wait 3 to 4 weeks. I hope to have it in time to race next Sunday night. Who knows. What a man will do when its a favorite toy tore up. If I had $399.00 I would get a new G-29. Good racing brothers!!
Here is the link to the part I bouhgt
http://www.cmlaserservice.com/page_g25_g27_optical_encoder_wheel.html