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Hi Linda Do NOT redirect - If you set up a redirect you will pass the penalty to the new domain and you will have the exact same results. I suggest you clean the profile and once you see your traffic picking up then do 301. Try to think why you got penalised. Go to webmaster tools and download your latest links - there is a tab and you can select it. Since you were hit with the latest update I would start to check links within the 2 update dates. Disavow those links or try to remove them. I am sure you will pick up. I can have a look for you if you want should you give me the web site url on a PM. Best of luck!