How much Memory do you have, if you have 2 sticks try taken one out and try restarting your computer to test for faulty memory. if that dont work swap them around and try rebooting again.
One more thing that happened to me with blinking lights, but im not sure it applys here as im not certain what is working in your computer, was i had a problem with my Graphics card. The driver had become corrupt and the only way i was able to start my computer was to install an old Graphics card. After that i was able to reinstall the one i had in.