Even easier then that.

Pull all your spark plugs, put a wrench on the harmonic balancer bolt and turn the engine over in the normal running direction (clockwise while looking from the front). Hold your thumb over the #1 plug hole. You will feel a puff of air coming out and will see the timing mark coming up. Stop !! If you overshoot a bit, you can back off (CCW) an eighth to a quarter of a turn (to take the slop out of the timing chain), then come back slowly to the timing mark. Drop the dist in place - though you might have to turn the engine over (again with the wrench on the bolt) to line up the oil pump drive. If the valve covers are off, that will just verify the valves are closed and you aren't 180* off..