Straight from the FED umpire manual:
Balks: The umpire calling the balk shall point to the pitcher and call loudly, "That's a balk!". The ball is dead at the time of the balk. Umpires should signal a dead ball while calling out, "That's a balk!".
I don't see any requirement to say the word "time" at all.
But I'm kind of wondering how you both point AND raise your hands over your head at the same time!
