it depends on what your sources of traffic. If you rely on Google only, this is the situation I am in too. I think you should get traffic from other sources too, article directories, social networks...
November 25 was my last good day for some wpmu sites. Of course the sites kept going down and I assume Goog decided I wasn't reliable enough so they dumped me. Too bad. I was getting between $20-80 a day for a while. Now only seeing about $40 per month.
If you are using organic traffic and your rankings are going down, get links. If you are using organic traffic and your rankings are static, then it is seasonal.
Are you updating your site? I update my sites frequently and then tweet a link, so it gets re-crawled quickly. I noticed a big jump in traffic after doing this.
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