How do I change between high and low speed settings?

Turn off the tool and allow it to stop completely. To select low speed/high torque (position 1), slide the speed selector button away from the chuck. To select high speed/low torque (position 2), slide it toward the chuck. Do not change speeds while the tool is operating. (Page 10)

From the official Black & Decker BCD704C1 Drill/Driver manual, page 10

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