The menu keeps flashing on and off. I have turn the tv off 4 or 5 times but it still keeps flashing the light on the bottom of tv goes blue then red really fast

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How old is your TV? This normally indicates a power problem. It could be any of the following: power supply on the TV, faulty power strip, faulty wall outlet, faulty circuit board inside the TV, faulty power cord/plug, bad airflow/clogged vents restricting air movement into the TV (can cause intermittent power faults),bad sensor inside TV. This is not completely inclusive by any means. It does mean that you should have it looked at. Someone knowledgeable/skilled should be able to determine the cause fairly quickly using a multimeter.