I walked outside to my patio and looked to the east I saw a falling star and then a very bright blinking light surrounded by a haze. Colors changed red yellow blue ..didn't seem to be a pattern to it and it seemed to disapear and reapear...It hovered for awhile moving up and down eventually moving north then it just vanished. I have cell phone video but its not the best being the object was so far away. I thought maybe it was a satellite so I checked rotation times and it didn't fall within those time frames.