Join Date: Jul 2002
Location: Melbourne, Australia
I suspect that you have too much back bow in the neck. With your left hand, fret the first fret and with the pinky of your right hand, fret the 24th fret on the same string. With your loose index finger of your right hand, tap around on the string to check the clearance around the 12th fret.
If there is zero clearance, then you will need to loosen the truss rod a little. Insert the wrench towards the bass side and turn a 1 inch arc towards the treble side. Plug your guitar in and check if your 1st fret notes are ringing. If not, loosen a little more. If OK, feel free to drop the bridge a little more if you like your action lower.