cams/crank at TDC, distro all the way back, timing still very retarded

put on the belt, triple checked for tdc. cranked the engine, alternator somewhat retarded, timing was way off. pull the alternator as far away as it can and its still retarded about 3-4degrees. triple checked TDC again and all is good.

skipped a few teeth? i thought that was only if tdc was off. i turn the crank several times and recheck and its all lined up. what could be wrong?

edit; my bad, if the red mark is way off to the right of the cover mark, then that would be wayyy advanced correct? so its advanced and i cant retard the distributor anymore