I have no picture and my power red light is

Tell all users of this site that the issue you seem to be facing is common in alot of rear projection tvs. When they shut down and the red light flashes, it may need a component known as a large signal board/deflection board for particular model and brand of tv. Ask a technician for more advice. But i believe this is the issue

I have the same issue we just paid a repairman to look at ours he said it is the convergence circuit and it has to be replaced. He also said this is a common problem with these tv's.