In 1980 my brother and I saw a reddish glowing oval shapped object

Their are only a hand full of memories I remember as a child around the age of 6. As I got older, of course the more I remember. But what I'm expressing in this story now is something I will never forget. Mostly because I witnessed a UFO with someone else, my brother. Don't get excited, we we're not abducted or anything, but it's a classic story anyhow.
 It was 1980, an average cloudless bright sunny day. I was like 6 years old at the time (I'll be 30 in March), and my brother was around 11 years old. It was in the afternoon, probably around 1:00 pm (the exact time is hard to remember because I was so young). My brother and I were both in the back seat of our family car while my mother was driving out of our neighborhood. As my mom pulled out of our neighborhood with us two in the back seats, I distinctly remember seeing something in the corner of my eye. My porifrial vision took over in a split of a second. I look to the right of me, up slightly outside of the car window, and I'm stunned by what I'm seeing...a glowing red oval shaped object, not moving at all. Dead still in mid-air. Then suddenly...GONE. It took off directly straight, away from the street we were on...out of sight.
 My brother sitting in the back seat with me yells, "Did you see that!!!???" and I say "YEAH!" We were both freaked out and explained what we saw to my mom, and she continued to drive like we were her two little boys making a story up on the fly. "Wow, you something in the sky?".
 This interesting, the shape of the object differs from what I saw and what my brother saw. I saw an oval reddish glowing circle, halow, so you could see a hole through it (like an aerobee frisby). My brother saw an oval shape, solid, no hole. Anyhow, we both saw that it was reddish orange, oval, not moving for 3 seconds and last but not least, it's light speed take off in mid-air.
 I've made a picture of what we saw, remember this is an ILLUSTRATION, I made this in Fireworks (similar to photoshop), but it's pretty close to what we saw:  http://davidpaslay.com/images/ufo.jpg  If you have any questions, or have seen something similar in Colorado feel free to email me at:  ((e-address deleted))
Date is approximate.  PD