Brandon,
Wanted to point out that when you use a timing light you point it at the pointer in Greg's picture from a safe distance. By safe, I mean you want to get it relatively close, say a foot or two away but be very cautious that you are close to the moving parts of the engine like the fan belt, pullys and the fan blades. You need to be aware of these moving parts to keep fingers, clothing, long hair, jewelry, wires from the timing light, and tach/dwell well away.
It an easy process to time the engine but it really helps to have someone walk you through it once. Where to hook up the power and coil leads, hooking up a tach/dwell, setting dwell/point gap, cleaning up the pointer area/notches, unhooking/plugging the vacuum advance, lowering the idle, unclamping the distributor, starting from the engine from the engine bay with the solenoid switch, turning to see the timing change, adjusting the timing light settings, reving the engine to check max timing. Do you belong to a British car club in Phoenix or have any 'gear head' friends that pitch in?
Cheers,
John