Very difficult to know where to go without a code reader.
One thing you might try is to disconnect the battery for 10-20 min to do a simple 'reset' of the computer. If it's a definite fault it will show up immediately with the check engine light but an intermittent or learned error would take a while to show up.
Are you sure your reader is not the fault?
Here's some help from the net;
Volvo 850/70 Service Light Reset
Engine 850: B5234T/2.3/20v/T5: - DIY flash code reader. - Volvo Owners Club Forum
http://volvoforums.com/forum/volvo-s70-33/obdii-scanner-usage-39916/
One thing you might try is to disconnect the battery for 10-20 min to do a simple 'reset' of the computer. If it's a definite fault it will show up immediately with the check engine light but an intermittent or learned error would take a while to show up.
Are you sure your reader is not the fault?
Here's some help from the net;
Volvo 850/70 Service Light Reset
Engine 850: B5234T/2.3/20v/T5: - DIY flash code reader. - Volvo Owners Club Forum
http://volvoforums.com/forum/volvo-s70-33/obdii-scanner-usage-39916/