That was the first time I saw anything like that. I hope the information I gathered helps.
Location
Address
Palatine , IL
Latitude
42° 8' 15.19'' N (42.137552°)
Longitude
88° 3' 1.28'' W (-88.050356°)
Elevation
-
Time and Duration
Local Date & Time
2012-03-25 23:00 PDT
UT Date & Time
2012-03-26 04:00 UT
Duration
≈1.5s
Direction
Moving direction
From up to down
Descent Angle
180°
Moving
Facing azimuth
359.47915°
First azimuth
357.27373°
First elevation
70°
Last azimuth
357.65316°
Last elevation
30°
Brightness and color
Stellar Magnitude
1
Color
Red & Orange like Fire
Concurrent Sound
Observation
Yes
Remarks
-
Delayed Sound
Observation
No
Remarks
What made me look in that direction, and I believe it was the object that made the noise, was closest to a hissing sound. Reminded me somewhat of the hissing that some fireworks make.
Persistent train
Observation
Yes
Duration
2s
Length
-1°
Remarks
It looked like mini fire balls trailing the large (not exactly sure it was a train or smaller objects) but it also seemed to turn into a dark smoke that faded into the color of the dark sky