I've installed a new kernel, but now my system won't boot. I'm not sure exactly what is freezing the boot process. The proccess starts fine, I get 'Kernel Loading . . . . . . . . .' , then the cursor goes to the next line and just stops there. While it is there, I can still hear my system working, and my pcmcia card soon comes on, but that is all that happens, my system goes no further.

the kernel I'm installing is 2.4.18
my old kernel was 2.2.14

I followed all the proper steps to install the kernel.
- installed all the recommended software versions.
- make mrproper
- make oldconfig
- make dep
- make modules
- make install-modules
- make bzImage

the source was installed in /lib/modules/2.4.18/build
the old source is in /usr/src/linux

I can't figure out what is freezing in the boot proccess. How do I find out more information about it? I can still boot up my old kernel, but I can't load kde. I believe it is because I removed all the old modules.

You really may want to install the kernel source in /usr/src/linux. Rename the old one and untar the new one into there. Then you'll want to perform the commands:
make menuconfig (you don't want an old one)
make dep
make bzImage
make modules
make modules_install
Now cp (copy) the new System.map and image files to the directory in which you are calling at boot eg. /boot
edit boot file as needed (if LILO rerun it by typing /sbin/lilo)
www.linuxdoc.org has a great HOW-TO you may want to check out.

I tried it, but it didn't help any. If someone knew some commands I could use to find out what is going on during the boot sequence that would be good.

The thing I find odd is that my network card starts and I can see the lights on it flashing. Does this mean that the kernel has booted? or could this happen without booting the kernel?

I got it working! All I did was switched from a graphical boot to a text based boot?? I believe that it was booting all along, but I guess the new setup just doesn't work very well with the graphical lilo