when i walked out of my sister's home i looked up and there it was. It was about 60 degrees up in the night sky and after a couple of minutes it had dropped another 15 degrees. It was lit up and seemed to strobe. It appeared to have a white light and a red light. THe lights were strobbing, or the object was actually circling in a small radius. I know it was not an airplane or helicopter. It just hung there in the sky until it dropped. The lights were really moving fast and appeared to be moving in a circular motion. I've never seem anything like this before. I have seen lights in the sky that i couldn't ID but never like this. It just seemed to hang in the air until it dropped. I don't know what happened to it after i got into my car. My sister also saw it. I asked her if she saw it when i first noticed it and she did. We stood there for a couple of minutes discussing whether she should go get her camera. She has a small digital camera and decided that it wasn't strong enough to show anything.