Can a reciprocal link turn into a one way if you no-follow?

[SparkplugDigital]

If you create a list of links to top blogs in your industry but no-follow all the links, and they link to your list, will that count as a reciprical link or a one-way link by search engines?

[TellThemEverything]

It is a reciprocal link, no matter how you attribute it.  nofollow works great to tell bots that the link is not recommended by you - for example on URL's in comments - but if you are trying to increase the influence of the inbound links I think you are selling google short. If I were them I would totally count that as reciprocal.

A better question is, if you are recommending those blogs, why NOT link to them? They are links you control, the fact you link to them tells Google what neighborhood you think you belong to. Not a bad thing.

[randfish]

I would be very hesitant to do something like this. If you want to link to something, use a followed link. If you don't trust it, don't link to it. Worrying about "reciprocity" of links in this fashion shouldn't be a concern for users or for search engines. Websites and pages link back and forth to each other all the time - it's a natural activity. It only gets troublesome when you intentionally try to manipulate rankings using "reciprocal link lists" (and I think that's why the word "reciprocal" in linking/SEO has become so maligned and misunderstood).

This WB Friday might help - http://www.seomoz.org/blog/whiteboard-friday-sitewide-reciprocal-and-directory-links