I think I really scewed up during initial start up...

I finally got all my fuel issue fix with my new 360. Then it was off 180 degrees of course, but I fixed that.

When I had it running for the initial break in, I had it running at 2500 rpm, and I remembered I was suppose to start it in neutral because my torque converter didn't have much fluid in it.

Well, my friend had a twist tie already on the carb to keep it at 2500 rpm, so instead of shifting to neutral I let off the gas and turned the car off, and it was running at 2500 rpm. Gas shot up out of the carb, and now... it's dead.

The car was running for about 2 minutes only, and now it won't start. It is acting like the timing is off. It sputters, and pops, thats about it.
The only time it acts like it's going to fire is when I let off the ignition.

My friend said that the ballast resistor felt really hot, is that just confidence?
It's getting gas, and spark, but it's back firing. like I say the only time it acts like it wants to start is when I let off the ignition.

What do you think I did? Am I screwed?

Help!