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Steelballray
Noticed you asked about DCape cancelling in the directory, this is the right place to ask questions. If you meant when you attack and when you don't attack, you just have to not hold B when he reappears and he will just reappear instead of slashing. About autocancelling, DCape autocancels at about full hop height (like Tornado), so if you finish at full hop height, you will land with no lag, able to shield/whatever immediately.
As for the different slashes, I'm not 100% sure (please someone correct me if I'm wrong), but I think it's right. Hold B, but release the control stick before he appears and then quickly do one of the following:
- Push upwards: you get the upwards slash, I think it does 14%
- Leave in neutral: you get the neutral slash, 15%
- Push down: you get the downwards slash, 16%
They all have different hitboxes so it depends on where you will appear as to which one you think you will hit them with. Also, horizontal control stick placement affects the slash as well, but in a backwards fashion. Say you're facing right, if you DCape to the right and then hold right, MK will turn around and slash towards where he came from, which I think has stronger knockback. If you hold left, MK slashes where he's going, which I think has slightly weaker knockback.