I am looking for various opinion for 3-way/5-way link exchange. Do you think it is good to start with it in case I have PR4 and PR3 website? I'd like to know if it has bigger effect than "classic" link exchange or if I will be penalized by G because of this... Thank you for your posts.
Reciprocal links are still good also as long as you trade links with very relevant sites, it helps build your authority
The answer is YES if you have partners you can trust. Otherwise handling 3 way links exchanges could be hell.
zexy: what do you mean 'otherwise it can be hell' ? I can see that some of webmasters are open to 3way link exchange and some of them hate them. I'm confused...
Doing too much of any one thing is the wrong thing.. Just get a mix of reciprocal, one way, three way.. Get it where you can.