This is an addon I used when I did a lot of flipping, you can use this to cancel and undercut but the biggest feature is it's graphs, everytime you scan the items. It remembers the price and time of day. When you have scanned a couple of times a graph shows up you can set it to average market price, lowest item, highest item and loads of other alternatives.
This way you can see that for example infinite dust is cheap on Tuesdays but goes up in price on Saturdays. That way you know when to buy the item and when to sell it. It's a great addon and I recommend you getting it, it's easy to set up and get started with and good tool for flipping. :)
http://wow.curse.com/downloads/wow-addons/details/market-watcher.aspx
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