Red Object Hovering in Sky Over Washington, DC on July 31, 2002At approximately 4:45 -5:00 pm on Wednesday, July 31, 2002, I was walking across the bridge to Roosevelt Island when I saw a red object hovering in the sky. The object appeared to be stationary or moving very slowly around the 1-2,000 foot range. The object was located at 2:00 o'clock in the sky from my path across the bridge onto the island. I blinked and blinked and blinked again, and the object was visible to me for approximately 5-6 seconds. The object was initally solid and blocky in appearance but in the final seconds, it seemed to turn on end and then the object reflected the sunlight like a shield. The object then seemed to change shape as it shimmered like a flag in the breeze and disappeared from view.