I did it the way stated above and I was right no compression because valves were open. The more I adjusted I noticed more difficulty in the crank. I was also watching the rotor and it was in the right firing order. The cam did still have some red stuff on it still. Got break in additive in and I checked compression by covering the hole with my finger and its defiantly a lot. So I will put valve cover on and try to start her up for cam break in tomorrow proving my carburetor decides to cooperate. Thanks for all the help guys!