Hi,
My website was hit by Google's new update like never before, first my ranking dropped back in May when Google rolled out with their second Penguin update, back then i was outsourcing my SEO since most of the time i was working on optimizing my local maps. As soon as noticed my traffic dropped i start doing SEO my self, I removed over optimized keywords on website ( title, meta description) then i analyzed my link profile and found that i had a lot of commercial anchor text linking from spammy websites, mostly blog comments.
Its been over 4 months since I used Google's disavow tools in hoping that will help me get my raking back, but i still see these spammy links in my profile, 90% of them are nofollow anyways , so i'm not sure if disavow tool helped me at all.
With this Penguin 2.1 update my website ended up on page 4-10 for 90% of my keywords http://screencast.com/t/3bcw8LUxpj
Im not sure what would be the best way out this, should i buy a new domain and start fresh?Please let me know if you want to take a look on my link profile and give your opinion.
Looking forward to your help!