OK, today i spent some time checking it out. It was a little warmer today and isn't doing it as bad. BUT, I drove into a car wash because the lighting is much better (I've been checking it at dark with a flash light because that'* when it'* colder and happens more) but NOT FOR THE LIFE OF ME could I get the noise to continue when I was pulled into the wash bay. When I put it in reverse it would squeal as i hit the brakes but when I put it into park it would quit. Took it for a drive down the highway to get it going again, pulled back into the car wash bay. Same thing, it wouldn't squeal in park!
So I left and stopped at the gas station for a soda. The car was parked on an incline with the front facing slightly down hill. NOW it keeps squealing in park!!!
Anyway I took lots of time to check it out this time. Now i have to admit it DOES appear to be coming from the serpentine belt area but down low so that it made it sound like it was coming from somewhere else. The pully that is down low in the front of the engine is what I suspect the air condition compressor? Is this true? I don't know if the compressor is bad but the belt is very old and has lots of dry rot. Maybe this is just a case of a bad serpentine belt? Do any of you think the compressor may be starting to freeze up to cause the squealing or might it just be squealing because the belt is worn out and the compressor takes some force to turn it?
The noise does appear to be coming from that pully. Any suggestions beyond buying a new belt? Or are you all pretty confident that it may just be an old wore out belt? (for all I know the belt is the factory original, I know the plug wires were