Time event problem number 2

If I revise your posted to just trace things and I fix that misspelling it works okay for me.  The timing between firings of the reset function is roughly 1.7 seconds as long as I hold one of the keys down.  This is the code I tested with, but don't replace what you have with it... just run it in a separate new file (with whatever object "a" is present).

speed=3;
moveableup=true
moveableleft=true
moveableright=true
moveabledown=true
var dir = 0;

var dirArray = new Array();
dirArray.push(0.0);

a.onEnterFrame=function(){

if(Key.isDown(Key.UP) && moveableup == true ){
moveableleft = false;
moveabledown = false;
moveableright = false;
moveableup = false;
dir = 1
setTimeout(reset,1700);
}
if(Key.isDown(Key.DOWN) && moveabledown == true){
moveableleft = false;
moveableup = false;
movableright = false;
moveabledown = false;
dir = 3
setTimeout(reset,1700);
}
if(Key.isDown(Key.LEFT) && moveableleft == true){
dir = 2
moveableup = false;
moveabledown = false;
moveableright = false;
moveableleft = false;
setTimeout(reset,1700);
}
if(Key.isDown(Key.RIGHT) && moveableright == true){
moveableup = false;
moveabledown = false;
moveableleft = false;
moveableright = false;
dir = 4
setTimeout(reset,1700);
}

}
function reset(a:MovieClip){
moveableleft=true;
moveableup=true;
moveabledown=true;
moveableright=true;

dirArray.push(getTimer());

var deltaT = (dirArray[(dirArray.length-1)]-dirArray[(dirArray.length-2)])/1000;

if(dir == 1){
trace("up" + "   " + deltaT);
}
if(dir == 2){
trace("left" + "   " + deltaT);
}
if(dir == 4){
trace("right" + "   " + deltaT);
}
if(dir == 3){
trace("down" + "   " + deltaT);
}
if(dir == 0){
trace("stand" + "   " + deltaT);
}
}