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: 9/3/2010)

Company Name	Ticker	Recent Price $	YTD % Price Change	Close Ratio
HEWLETT-PACKARD CO	HPQ	40.34	-21.7	0.830
ALCOA INC	AA	10.88	-32.5	0.849
BANK OF AMERICA CORP	BAC	13.50	-10.4	0.859
MICROSOFT CORP	MSFT	24.29	-20.3	0.871
CISCO SYSTEMS INC	CSCO	21.04	-12.1	0.873
INTEL CORP	INTC	18.43	-9.7	0.882
GENERAL ELECTRIC CO	GE	15.39	1.7	0.939
JOHNSON & JOHNSON	JNJ	58.93	-8.5	0.947
EXXON MOBIL CORP	XOM	61.32	-10.1	0.948
JPMORGAN CHASE & CO	JPM	39.17	-6.0	0.959
PROCTER & GAMBLE CO	PG	60.29	-0.6	0.975
HOME DEPOT INC	HD	29.85	3.2	0.976
UNITED TECHNOLOGIES CORP	UTX	68.26	-1.7	0.978
PFIZER INC	PFE	16.46	-9.5	0.980
MERCK & CO	MRK	35.59	-2.6	0.986
WAL-MART STORES	WMT	52.04	-2.6	0.987
INTL BUSINESS MACHINES CORP	IBM	127.58	-2.5	0.998
BOEING CO	BA	64.64	19.4	1.000
THE TRAVELERS COMPANIES INC	TRV	51.03	2.3	1.005
AMERICAN EXPRESS CO	AXP	41.80	3.2	1.011
3M CO	MMM	83.48	1.0	1.017
VERIZON COMMUNICATIONS INC	VZ	30.20	-8.8	1.018
CHEVRON CORP	CVX	78.00	1.3	1.031
DISNEY (WALT) CO	DIS	34.67	7.5	1.046
KRAFT FOODS	KFT	30.58	12.5	1.051
AT&T INC	T	27.44	-2.1	1.056
COCA-COLA CO	KO	57.56	1.0	1.057
MCDONALD'S CORP	MCD	75.09	20.3	1.117
CATERPILLAR INC	CAT	70.08	23.0	1.127
DU PONT (E I) DE NEMOURS	DD	42.51	26.3	1.165