We saw two large lights in the sky against the mountain over Fort Huachuca. One was red and flashed one was white.The lights were directly west, immediatly infront of the mountain about 3/4 up the height of the mountain. They were stationary for about two hours the moved slighly north. We looked with binoculars but could not see any thing more than the two lights. The aerostat was up that night and was beside us to the south and plainly visable with its flashing white light. We observed the lights from our porch until we went to bed about 2300. I thought I could see at times a white beam of light emitting from the red light. My son thinks the beams might have been only glare because we could not see them when viewing through the binoculars. We both wear glasses. There was no other airial activity at that time. We have had other experiences before but never have told anyone. The thing that upset my family is that when we returned inside and got busy doing other things I suddenly had a severe nosebleed. We are leaving here late Saturday night moving to another state so we cannot be contacted by e mail or phone after Sat.