I was sitting in my room on the second floor of the house & I was on my computer, when I received a phone call from my uncle about something, well I don't get good cell service @ my house so I proceeded to my bedroom deck where there is better service. As I was talking, I was facing the river & out of the corner of my eye I noticed something flickering. I began to watch it and thought @ first that it was a star because of its glowing nature. Then I realized, it then had three distinct colors that I could see with the naked eye. Red, green, and a yellowish looking color, and it looked as if it was moving towards my direction. I went back inside and grabbed my binoculars and then it became clear that it was not a star, nor a plane, and it looked as if it was some big ball or circle that went into a point @ the top, but the interesting thing is that it looked like it was changing very fast from a point or like some triangle back to a round circle or actually completing back the bottome part of the circle to make a whole circle. I was pretty amazed and confused on what it could be. I went & grabbed my parents to let them take a look @ the object and they as well couldn't figure it out & were amazed as well that they have never seen anything like that. I took my dad's telescope and the pair of binoculars and got in my car and drove to my dad's church that has an amazing view of the sky. I picked my uncle up on the way as it was only about 2 minutes down there road to the church. We both set the telescope up & it was extrodinary, & unexplainable to both of us. We stay there about 2 1/2 hours & watched the object. It stayed still pretty much the whole time exept when I was on my deck @ the house, when it looked as if it was coming closer. After two & half hours later it started to move towards the left of our position, then with extrodinary speed, went the opposite direction, & it kind of remind me when someone sees a shooting star, I followed only for a split second and it was gone.