I have the 2000-I in my 107, and it is straight up. It sounds like maybe you
were on the exhaust TDC, not the compression TDC. The red light will come
on 35 degrees before TDC and go out at TDC on the compression stroke.
Try putting the T:F in the window and see if the light will go out turning
the 2000-I clockwise, if not rotate the motor one rev and then check.
I hope this helps.