Watch Leonid Meteor Shower 2010
November 17 and 18 are the best days for viewing the annual Leonid meteor shower, where you'll be able to see about 20-30 meteor streaks per hour racing across the sky. The best time to observe should be 2-3 hours before sunrise.
No telescope necessary, simply a spot dark enough for a good fireworks show where you have a wide view of the sky. But if your really aim on having the perfect view, stay up until the wee hours of the morning.