The blinking status & Time LED lights

you must install the lamp door after lamp replacement to get the "yellow" blinking to stop. if the status is blinking red then you may be having a fan failure internal to the tv. also make sure that the side filter door is installed and secure

Unplug for a minute, when pluged back in light should blink for a few then go out, should be able to power on after that!

check the lamp

tour air filter cover door is either not tight, or off, or the small switch behind it is bad. it is on the side opposite the ac plug.

Press the input/device button and the menu button at the same time. Green LED will blink a two digit code blink 1st digit short pause blink 2nd digit longer pause and repeat. Any number of problems can cause this same symptom.

If the red LED your refering to is the Status LED and not the Lamp LED then you have big problems. A red Status LED indicates no communication from the Format board to the DMD board (light engine). 1/2 the time caps on the format board itself the other 1/2 must send entire electronics package to Mitsubishi.

You most likely need the V26 DM repair kit at the following link, that usually repairs the blinking led problem.
http://servicemanuals.vstore.ca/

the status light blinking red means a fan (the unit hs 4 of them) has failed. you need to determine which one. use the self diagnostic function:
Error Code Operational Check
Note: The TV must be in “Shut Down” and not manually switched Off, to perform the Error Code Operational
Check. When the TV is switched Off, the code automatically resets to “12” No Error.
Press the front panel “DEVICE” and “MENU” buttons at the same time, and hold for 5 seconds to
activate the Error Code Operational Check. The LED will then flash denoting a two digit Code.
Note: The front panel buttons must be used, NOT those on the Remote Control.
• The number of flashes indicates the value of the MSD (tens digit) of the Error Code.
• The flashing then pauses for approximately 1/2 second.
• The LED then flashes indicating the value of the LSD (ones digit) of the Error Code.
Example: If the Error Code is “32”, the LED will flash three times, pause, and then flash two times.
• The Error Code is repeated a total of 5 times.


and read the code.
35= Chassis Fan failure
36 =Exhaust (Back Cover) or Lamp Ballast Fan failure
37= Engine (DMD or Lamp) Fan failure

continuous blinking green light indicates that the capacitors have failed on the DM pwb. You need the V26 DLP DM repair kit which is available at the following link under their repair category.
http://servicemanuals.vstore.ca/

Push the device and menu buttons in together for 5 seconds and see if the led will blink a two digit blink code, then let me know if it blinks and what the code was.

possible that over night your set took a power surge ,possible power supply fault.