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In a JVC set the timer light flashing is practically always an indication that the power unit has shut down into its standby state because a fault has been detected, and yes! the C926 cap problem should also apply to your model, that is as well as possibly defective solder joints on the vertical scan IC, or indeed it also being faulty.
Thanks for the quick feedback - How do I find out if it is the C926 or the other thing? The problem is that I bought my TV in Canada before moving to Mexico and there is no service to help me so I need to do it myself and I am not an electronic expert... Thanks for helping again Steve