Recheck voltage's, it is not unheard of to get a bad Board out of the box. if voltage's are OK, pull the SRB Board and see if the reset lights still blink. The SRB takes the place of the older CPU and program Boards. It is very possible you have a bad Card Rack. We never tested Card Racks, if we suspected them we just replaced them. Also if you have one or two bad input or output boards it can cause the Miprom to go off in the Weeds and blink everything because the computer doesn't know what to do.