I don't know if all timing chains are the same but mine only has 1 shiny link, and the chain is sooooooo long that unlike a Chev or Ford V-8 it takes more than 2 crankshaft rotations to bring the shiny link back to the top. If you keep turning the engine over the shiny link will make it back to the top and it should line up.
One other thing that I just remembered.
When you degree the cam you will need a positive stop for the piston. What it does is stop the piston from reaching top dead center. You turn the engine counter clock wise untill the piston comes in contact with the stop. Mark the degree wheel and then turn the engine clock wise until the piston hits the stop. Mark the degree wheel again. Half way between the 2 marks is your real top dead center.
They sell positive stops that screw into the spark plug hole, problem is, your valves will hit it if you don't remove it when you turn the engine over. When you remove it to turn the engine over, it is hard to get it back to the same depth.
I ended up using a long ratchet extension that fit into the spark plug hole. Before putting the extension into the engine, I slipped a washer over the extension. When the piston contacted the extension, I pushed the washer down until it came in contact with the engine and then marked the washer and extension with a pen. I then removed the extension, and wrapped a bunch of duct tape where the mark was to create a stop for the washer.
This made it a lot easier to put the extension in the same spot after I removed it to rotate the engine.