Vdart is on the right track. Sounds like you have points
1 Remove no1 plug, stick your finger in the hole, on a /6 might be tough. Use a scrap piece of hose, or your compression gauge. Bump the engine until compression STARTS to build, and make sure the timing marks don't go on past TDC
2 Timing marks should now be "approaching" Slowly rotate engine until marks are aligned with where you want timing, IE 5BTC, or a little more, 6-8BTC, etc
3 Generic for any engine. You can discover which way the rotor goes by "springing" the rotor against the mechanical spring. You can MOVE it in the SAME direction that the dist. rotates, it will then spring BACK.
Moving the dist. HOUSING AGAINST this direction ADVANCES the dist.
4 Make sure your points are properly gapped FIRST, as point gap affects timing
5 Move the dist housing towards RETARD somewhat. This will, when you move it back, "remove slop" in the drive.
6 Do one of two things. Either clip a 12V test lamp on coil NEG, or rig the coil wire to a plug, IE direct from coil to plug so you can see spark. SLOWLY move the dist housing ADVANCED until either the 12V lamp lights, if that is what you are using, OR until the spark "happens."
IF YOU have breakerless ignition, this is a little trickier. I usually set the timing at least 3* ahead of desired, and just move the dist until the reluctor is centered in the pickup coil core. You can also move the dist in the same way and look for a spark, BUT this is harder to do, because there must be "some movement" to trigger the spark. This means it's easy to overshoot (over-advance) the setting, but with practice, you can certainly get it close enough to run and run fairly will