I had a sighting this morning, from (my spot) the corner of the front yard. I was taking Lucy out for morning constitutional, and we were in the area where that little walnut tree stands in the pasture just north of our property and I looked at the sky (like every morning.)Weather conditions: 24��������� (-4��������� C), wind E 10MPH Barometer 30.04, Dewpoint 16��������� (-9���������C), Wind Chill 15��������� (-9���������C) VISIBILITY 10.0 MILESThe object stayed in one place, ENE of my EXACT position where I was standing (Latitude 40.44397 Longitude -86.06995). I saw it for 4-5 minutes, starting at 7AM EDT. It never moved. It appeared to be a large, bright orange light, with a CHEVRON of orange light just above it. The CHEVRON gave off a pulsing characteristic, as the rays in the Chevron varied in length away from the peak.It was BY FAR the LARGEST AND BRIGHTEST object in the sky. I kept looking for aircraft lights, blinking, or for the object to turn which would indicate normal aircraft. That didn't happen. No additional lighting. The light remained orange, below, and the chevron rays above it. This was different than scintillation effect of celestial objects!This was at least a half hour before any dawn light rose on the eastern horizon. The sky was still completely black. The (crescent waning moon had set long ago), so there was no celestial light pollution/distortion.The object simply disappeared in the same spot. It never grew in size or shrank in size, indicating it never came closer or moved away from my position the entire time I viewed it.No sound. I would put the object in the vicinity of Kempton from the place I viewed it. It was the size and light magnitude of Jupiter (last night) at the brightest point when the moon was up (EXTREMELY BRIGHT LAST NIGHT).I woke my wife at 7:25 AM this morning. She had driven to her friends in Sharpesville last night and returned home after I already gone to bed.I immediately told her what I saw and gave her the description of what I saw. She said she saw the EXACT same thing hovering in the western sky, slightly south of Kokomo at 8:57PM. (She didn't tell me last night because I was asleep when she returned home.) Thick clouds have moved in (7:45AM) as I write this except for a clear ridge alondg the ENE horizon. The clearing is about 20��������� above the horizon (NOW), but the sky was completely clear and stars were plainly visible in every direction when I saw the object.