The guage on my 93 Limited has been fluctuating for about a month. After it reaches operating temperature (about at the "o" in Normal) it will fluctuate between that point and about halfway between the "o" and the cold line.
I tried Dr. Doug's suggestion about a new cap, but it didn't seem to make any difference. I also got the Stant cap, 13psi. I noticed in the application guide that 1994 uses a 16 psi cap, by the way. I'm thinking that I'll change the thermostat; it could be going bad or hanging up. I changed it back in May when I had to replace the water pump, so I'll just flush the system and replace it again.
I don't believe my fluctuation has anything to do with a head or gasket problem, because I'm not getting even brief signs of overheating. I had a 2.2L turbo Chrysler, and when it blew a head gasket, the temperature would go higher than normal, especially before the thermostat opened for the first time. It would then continue to fluctuate, and continue to go higher than it should. Eventually, I could hear the combustion gasses bubbling in the overflow bottle after I'd shut off the car.
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"Whoever said you can't fool all of the people all of the time, was a damn fool" Vincent K McMahon, January 1999