Whitey - 12:46 am on May 4, 2011 (gmt 0)
have you checked your banklink profile
Referring links most certainly rest on pages affected, and therefore many of htem will loose their effect. Google is pretty good at semantic processing, that is content on the page around the refering link.
If the page goes , in Google's algo , then it's highly probable the recipient page will be badly effected. Having said that I can see nothing within log file analysis that makes it easy to pinpoint anything, and truly , i speak with a lot of gifted people and i haven't heard one word of analytical substance.
So this notion regarding the Link Exchange issue is not in my view , highly relevant to Panda. One think in my mind is , reciprocal links as part of the overall profile mix are OK - but it has to be balanced with other links. The days of pages of random reciprocals links on off topic sites are long gone. Keep it relevant as cnvi says - he's the expert.
I can't see it being the pancea for the Panda revival on it's own. Right now nothing makes sense to anyone and we're 2 months into the first wave , with more to come.