red lighted triangle with circling white light at top tip came across sky then hovered.I was sitting in my living room when I heard my neighbor scream, followed by her husband and brother and many neighbors across the street and around the neighbor hood . At that point I ran outside to see what was going on. They were all looking up into the sky and pointing. I witnessed what appeared to be a triangle hovering out in the distance that did not appear to look like any kind of craft I have ever seen before. Judging from the distance out it had to be really large. It had a white light that was circling around the top corner of the triangular shaped object. The rest of the craft or object was bright red in color and looked to have many lights on it all of which were red except the white one that was circling it. My neighbors said they watched it come across the horizon for about ten to fifteen minutes before it stopped and hovered where if was. As we were looking at the object it released a white lighted globe like thing that fell to earth. We all screamed and kind of waited for an explosion or something to happen but we could not see anything. About 2 minutes after that it released another one that went from white to red as it dropped, then its red lights all went dark from the outmost corners to the center, as it became one small white light and disappeared into the horizon. I grew up in Lancaster Ca. and being near Edwards Air Force base had seen some strange goings on sometimes, but I have never witnessed anything that strange or unexplained in my life. It made the pit of my stomach sink several times watching it.