Red wire under throttle body... Auxiliary Air Valve lead? Can you take a picture? Dave might know this off the top of his head. What year is your car? You can check out the electrical diagrams here:
Electrical Diagrams.
Once you confirm you have vacuum hoses, ignition wiring and functioning components, and fuel items hooked up correctly (or close) you really need to check valve clearance, then dwell, and then timing. If you can't get to valves just yet, at least confirm the dwell (45-50) before attempting to fine tune the timing.