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Losing Traffic, Site bonus rate high

This is very strange, the site is just losing traffic. Its a old site with pagerank 4, the visits are just coming down. There is no improvement for the site in terms of the traffic. I checked the google analytic and have seen the site home page bounce rate is higher, I found the avg. bounce rate for past 3 years is higher.

Can any one please suggest and give recommendations as to how i need to improve the sites traffic.

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