Same thing is happening with my 4 strroke. I checked to see if the bulb was okay and it was, then I pulled the plug cables one at a time while running. Only noticed 1 cylinder firing. However, I've been told that some motors only use one cylinder until you raise the rpms. So i put the plugs one at a time next to the block to see if I was getting a spark. Two of the plugs don't spark so I think I have a bad power pack like the guy said above. Time to take it to a real mechanic and let him hook it to his diagnostics to see.
I thought that motor wasn't that old?