The 1/4 mile times are about what I got (I was having trouble with the car having too much traction at the drag strip and not knowing what to do with it), the trap speeds are rather high (the g-tech read 107 mph when I used it at the drag strip, but the drag strip said I was going 102) but my 0-60 times were around 5.15, and I was able to have a good hook-up with proper wheel spin when I tried the 0-60 times. I also had a passenger and a full tank of gas. It sounds like you have traction problems...and you probably definitely have a chip.
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