need help please.. uhh.. fuel cut????

hey heres my deal… i replaced a head gasket. went through a bunch of problems and finaly got everything on. new oil, new oil filter, eveyrthing back timed perfectly straight up… well my car runs good but when i punch it now it seems like theres a significant loss in power… and when i get to 6k rpms it sounds like a redline… well i thought it was so i wanted to see more… only to see that when i got there it cut really hard and dipped my front end down like i just nailed a pot hole… like a fuel cut… is this wat it is?.. i’m confused haha… i’m just running an LS which is pretty much stock…