You aim the light at the timing marks on the lower timing cover. The light flashes everytime the #1 cylinder is at TDC. There is a mark on your crank pulley which will become visible with the flash, indicating the electrical timing of the car. See in the picture below, just above the crank pulley, there are some silver numbers:
So if you read 10° BTDC timing, you want to shut the car off, loosen the CAS, and tap it very gently counter clockwise. 5° on the CAS DOES NOT EQUAL 5° of timing adjustment. Millimeters of adjustment is all it takes. Tighten the top CAS bolt, recheck timing. If it's now at 15°, you're good. If not, repeat the process till you're at 15°, then shut the car off and tighten the other two CAS bolts.
More information about reading timing, including viewing angles with underdrive pulleys, can be found here:
http://twinturbo.net/nissan/30....html