XBOX 360 Bottom Red Ring is blinking (Error E-74 appeared) --- HOW TO FIX?

Q: I was playing halo last night and all of a sudden the graphics flipped out, everything went white hued and I could barely move around in-game. I took out the game, put in COD 4 and it didn't have the same problem but on all dark colors in the came there were white lines. I decided to restart my xbox and I got E 74 error with blinking bottom red ring... I have googled this and I heard something about maybe my AC adapter is bad or something? I don't know how to fix that but please explain... I know the problem is my not my harddrive or games.... HELP!!! I have lost my manual, if somebody has one please look through it for me!

A: The thing is its not the Ac adapter it is the AV get a new one or borrow one see if it works then if it doesnt then u have to send it to microsoft and they will fix it ot takes about 2 weeks.

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