Timing Instructions

Can someone please help me? I am getting my mustang Monday (maybe earlier!) and one of the first things I need to do is fix the timing. I am just going to go buy a timing light, and I have no idea how to use the thing. I know you connect red to the + terminal, ground it, and I know during the process you point it at the crankshaft pulley. Oh, and it strobes a light. That's about all I know. Can someone please give me a good specific writeup on how to do this? I heard something about turning the dizzy? I dunno. Any help is much appreciated.

Car is a 66 mustang, 200cid, all stock. Actually, I am putting in the electronic ignition II from Pertronix. If that alters this, let me know too. Thanks :)
 
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