I know I started a different thread on this because I forgot about this one.
Anyway....I got the light to go out. First I tried the E-brake switch. $8 bucks and it stayed on. Damn I thought. Then...a friend of mine told me about the proportioning valve. It has the 5 lines comming out of it and is located just below the master cylinder. They are not sold anywhere but the dealership and junk yard. $140 ish at the dealership or $20 at a junkyard. Guess what I picked. So $20 bucks later it works great. I also changed the calipers and upgraded the lines to stainless steel. After the "new" valve the light works as advertised.
Oh and to answer the question of anti lock brakes.... no it doesn't have anti lock brakes.