Charles B. Carlson, CFA

The list below ranks the 30 Dow stocks on the ratio of stock price to 200-day moving average price, from the lowest ratio to the highest ratio. The 10 Dow stocks with the lowest ratios are highlighted. A variation of my Worst-To-First Strategies focuses on creating portfolios from the 10 Dow stocks with the lowest ratio of current stock price to 200-day moving average price (1-stock, 3-stock, 5-stock, or 10-stock portfolios). For example, if you want a 3-stock portfolio, buy the first three stocks in the list and hold for 12 months.

FURTHEST FROM 200-DAY MOVING AVERAGE (Data as of: 7/1/2009)

Company Name	Ticker	Recent Price $	YTD % Price Change	Close Ratio
GENERAL ELECTRIC CO	GE	11.78	-27.3	0.827
CATERPILLAR INC	CAT	33.19	-25.7	0.914
PROCTER & GAMBLE CO	PG	52.00	-15.9	0.936
WAL-MART STORES	WMT	48.37	-13.7	0.936
CHEVRON CORP	CVX	66.52	-10.1	0.957
PFIZER INC	PFE	14.90	-15.9	0.967
EXXON MOBIL CORP	XOM	70.56	-11.6	0.972
AT&T INC	T	25.07	-12.0	0.973
DU PONT (E I) DE NEMOURS	DD	25.80	2.0	0.976
BOEING CO	BA	42.23	-1.0	1.001
JOHNSON & JOHNSON	JNJ	57.07	-4.6	1.008
VERIZON COMMUNICATIONS INC	VZ	30.82	-9.1	1.017
BANK OF AMERICA CORP	BAC	13.05	-7.3	1.021
KRAFT FOODS	KFT	26.61	-0.9	1.023
MCDONALD'S CORP	MCD	58.22	-6.4	1.025
THE TRAVELERS COMPANIES INC	TRV	41.13	-9.0	1.026
MERCK & CO	MRK	28.05	-7.7	1.034
HOME DEPOT INC	HD	23.71	3.0	1.036
ALCOA INC	AA	10.35	-8.1	1.057
UNITED TECHNOLOGIES CORP	UTX	52.28	-2.5	1.060
DISNEY (WALT) CO	DIS	23.45	3.3	1.067
JPMORGAN CHASE & CO	JPM	33.77	7.1	1.077
3M CO	MMM	60.74	5.6	1.079
CISCO SYSTEMS INC	CSCO	18.80	15.3	1.083
COCA-COLA CO	KO	49.18	8.6	1.097
HEWLETT-PACKARD CO	HPQ	38.68	6.6	1.100
AMERICAN EXPRESS CO	AXP	23.00	24.0	1.103
INTL BUSINESS MACHINES CORP	IBM	104.84	24.6	1.117
INTEL CORP	INTC	17.04	16.2	1.147
MICROSOFT CORP	MSFT	24.04	23.7	1.190