I figured it out ^_^
The time clock on the main auction page for the lowballs is now 100% accurate. It is set to the timer on the server (which again is EST) but now it will reflect the actual time no matter what time zone you are in (good for dv8mad and those of you who are in other countries). Here is what it will look like:
Today's date May 2, 2009, 3:24 pm
Countdown date May 3, 2009, 12:00 am
Countdown 0 days 8 hours 35 minutes left
It is no longer animated, like the one I had with Javascript, but it will update upon refreshing and reloading, so every time you go to the site there will be no question about how much longer the auction is going for.
The next step: Make the auction automatically stop accepting bids once the auction date's end is reached (wish me luck on that one).