Starlike object with possible beacon. Object would drop below the distant tree line then raise and hover again. Object was white with possible green and red beacon. Witnessed on Fri June 5th 2015 11:00 pm also on Thurs June 5th same time. Could be distant helicopter but it seems as though the altitude drop is very strange, and not sure why it would return to the same position every time. Not sure of total duration. Went to bed thinking it was a star being affected by "Marsh gas" or an atmospheric condition. This property was owned by my Great Grandparents, and my grandmother used to tell stories of seeing lights in that direction. I have lived here for about 10 years and have never noticed it before. Tried to record it on my phone, but could not get the phone video to see it. I will look again tonight, Sat June 6. I will try to record with video camera and tripod for stability. Location of object is in southeastern Adams Co. Wi. Possibly above the area of Hancock Wi. or west of Oxford Wi. Approx. 2-10mi from my location.