new trans problem
It's extremely rare for a pump to take a dump like that and there are other things that can cause no pressure. I'd suspect it to be a valve body problem or blown seal (most likely from improper installation) rather than the pump but a pump is possible. Which port were you hooked up to? The line pressure port is on the passenger side approx. in the middle between the 2 humps for the servos.
Here's a pic out of the FSM that shows what ports are what.