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I have a 3 wire rectifier and checked it with an olm meter per J. Reeves' instructions(black on ground, red terminal to the leads then reverse, red on ground, black terminal to the leads. I come up with no reading on the yellow/gray wire!
I had the same thing happen to me. The only tip I have is to grind the contacts up so they are really clean. This helped me get a more stable reading (even though it still ended up being bad).
