Am I doing something wrong?

Newly created micro niche site about 10-12 days old.
Been backlinking with nohandsseo until today.

After just nohandsseo linking I have 1812 external backlinks according to majestic seo, and 1812 are reporting nofollow.

I've decided to go the smarter route and build some web 2.0s.

I've built:

Squidoo
Gather
Tumblr
Weebly
And bookmarked on AOL Lifestream & Multiply.

I just built these 2.0s today, so obviously not expecting results right away.
But shouldn't this be enough to get to at least front page? Or am I wrong?

Also I was thinking about submitting articles to a few directories am I going to overboard or should I just wait a few more weeks seeing how my site is so young.

I was also thinking about taking some articles from my competitor and spin /submitting them

Building backlinks too fast for such a young site. You'll be lucky if you don't get sandboxed. You're going to have to keep building links at roughly the same velocity for the next month or so if you want to have any hope of hitting page one.

Honestly I don't think I'll get sandboxed very few of the links are indexed by Google and only a few are showing up each day (around 3-5). And all the links are nofollow so I don't believe that it will affect me that badly. If anything I think it was just wasted time.

I'm going to wait a few more weeks to build anymore links. I have a pretty good feeling I'm not on the first page just because my site has no age authority.

Rank #11 for my keyword has just an ezinearticle posted. I think I'm just being too impatient.

They aren't indexed by Google but Majestic SEO can find them ? Seems strange to me, but you maybe right. If you mean Google WMT isn't showing them, that isn't the same thing.