Wow Marc, I can't believe you don't have a light meter. That is a surprise. You must just have great eyes.
Yes, Robert, that is the way it works, this one is very easy to work, and it has functions for both aperture priority and shutter priority. I guess I just didn't ask my question very well. (Goof on me)
What I have trouble decoding is the shutter speed when it displays a reading...for example it might say f 5.6 with T 6.
So at 5.6 I'm not sure if 6 is 1/6 or 6 etc... I can usually figure it out judging lighting conditions and with help from my camera, but that is just a little confusing sometimes. The meter itself is super easy to use. I am in the process of upgrading my studio lights to alien bee strobes, so I mainly got it for that, but I'm trying to get familiar with it before hand, and it has proved useful in other situations as well, especially outdoors.
I'm sure if I poke around in my free time(whenever that would be, ha! -- not too much with an overscheduled 7 year old, going on 16 and an overactive 3 year old) that I can find something to help me remember it. If I come across anything, I will post it here, just in case it might help someone else and if anyone else can add anything, please do. I would be most grateful!

:) Melissa
Melissa S. Wallace, M.Ed.
http://www.melissawallacephotography.comCanon 50D CanonXTI
Canon 28-135IS, Canon 70-300/ISUSM, Canon18-55
Sigma 70-300
Canon 50MM 1.8 Prime
Canon 580EXII Speedlite, Fong Lightsphere 1/2 Cloud and Cloud