OVAL UFO IN KITTITAS VALLEYI was coming home from the store tonight. It is fairly light out tonight so there are not many stars in the sky. I was heading north on the road towards my home, when I noticed a light out of the corner of my eye. I turned and watched it accelerate greatly towards the north. Then it stopped instantly and just hovered. This object may have been up to 10 miles away or so. I watched it and continued to my home (It still just hovered). Then I called a friend out of the house to look at it. She thought it was odd as well so she got the binoculars. We both took turns looking at it for about 5 minutes, then it suddenly disappeared then reappeared at a high altitude. Then in slowly dimmed out. It was oval in shape and was giving off a red/orange/yellow pulsing tone. There was also aircraft activity in the area and we compared what they looked like from a distance and could not get a match. Also I would like to note that I have seen several other objects and have a weird one on tape as well.