900+ daily impressions 0 visits?

I use to rank $1-5 in Google for many keywords over a month ago. Then my position was jumping from 100-600+ so i figured it was Google dance. Now my rankings has leveled off on all my keywords from 75-800+. I only had around 40-50 backlinks when my rankings changed, although I did blast some articles linking to my site with scrapebox. I also have been making 5-10 backlinks to my site every couple days for the past month. I also reinstalled Wordpress, but kept the same link structure and content.

Webmaster tools is still showing that i still got 900+ daily impressions, but zero traffic from Google. Any ideas?

Google webmaster tools doesn't give an accurate information about impressions and clicks. You should see the statistics in google analytics or something similar.
Another factor, with google instant ON by default, you can get too much impressions and zero click!

I use to get 50+ visitors per day which since then has dropped to 0 a month ago. Since then my impressions has increased 4x and my visitors are still 0 though.

I'm just trying to figure out whats going on or what I did wrong. My only traffic now for this site is from bing, yahoo or ask which I'm sure you know sucks.

Competition got you maybe...