Ah, no problem. But make sure the wire is DISCONNECTED from the point. Do not just open the point. Once the yellow wire is HANGING and free, then do the test. I know it's frustrating.. I have the same problem with my bike except that it's 1-4 that aren't quite firing. If it helps, imagine the meter as sending a little bit of current down that yellow wire. You can use the other meter lead to probe around to check for that current. If it finds it, it will tell you by showing a low resistance (ohms) value.
Here's a very easy example..
Touch the two meter leads together, you should see a VERY low resistance value (usually less than 1 ohm). The meter is telling you "Hey man, there is a good connection here!"
Now hold the meter leads apart.. the meter should read a very high (infinite) amount of resistance. There is no physical connection between the leads.
Now, hold each lmeter lead in your hands and let them touch your skin. The meter will read a very high, but not infinite, resistance level. Your body is making a physical connection between the two meter leads, and the meter is giving you the electrical resistance of your body.
So, if you have a low resistance between the yellow wire and the engine ground, you know that they are connected, which means you have a short to ground.
As far as the ranging goes, leave it on the 2000 (aka 2k) setting for now. If the needle (i'm assuming is an analog meter) pegs all the way high, go up one setting. If it does not peg, give us the reading.
Hope that helps a little!
Max