I just arrived at my house from the gym at exactly 8:33 PM, I had went outside to talk to my friend on the phone. I happen to look up over the power lines, and trees in the church yard into the sky to check out the stars while talking when the orange/reddish circle appeared, with the yellow light ring circling around it, hovering, at a stand still probably anywhere from 500-1,000 FT. At first I thought it was a helicopter because to be honest the neighborhood next to mine is pretty trashy, so I figured it was another police helicopter searching for another suspect, but that's when I realized..... There was absolutely no sound, and it was just sitting there, hovering with no spotlight, just an orange/redding circular shape with a yellow light that kept circling around the ball/sphere. It hovered, and was at a stand still for majority of the time, but then it moved up, and then down, to the right, and then up and down and to the right again, I knew it wasn't a plane because actually a plane flew by above it in the sky, and plus planes do not have three lights, in a triangle pattern underneath, and blink from left to right. I was in shock, and awe could not believe what I was seeing with my own very eyes, turned a skeptic into a believer within minutes. I was on the phone with my friend, and kept telling him "look above your house towards mine", but he could not see it because of trees, but did see the plane that flew above and by it. Kept telling him "you have got to see this! I can not explain it!". I lost sight because after it went up, and down then to the right (slowly) the second time, it went to the right again (north) and slowly disintegrated, and vanished.... As if, someone slowly turned the lights off!