Windows 8 No Wave form when recording

I cannot get a recording off my Audio-Technica LP60 USB Turntable - there are meter readings, but no waveform in the main box. Under Audacity ‘Preferences’, I have > Devices > Host MME >Playback> Speakers (Realtek High Definition)>Recording>Line(3-USB Audio Codec) Why does it not record - has something ‘blown’ on the Turntable…? It works playing vinyl normally through the amplifier…

Does the red recording cursor just flicker at the start of the track?

Please try the full procedure in the green box “Detecting USB and Firewire devices” on this page:
Audacity Manual .

If you are only on Windows 8 and not 8.1, then for step 4 you can hold SHIFT and click “Shut Down”.