\starttext

\startbuffer
    \hbox {\raise1cm\hbox{raised} normal \lower1cm\hbox{lowered}}
    \blank
    \moveleft1cm\hbox{left}
    \blank
    \hbox{normal}
    \blank
    \moveright1cm\hbox{right}
    \blank
\stopbuffer

\start \showboxes \getbuffer \stop \blank[4*big] \getbuffer

\startbuffer
    \moveleft1cm\vbox{left}
    \blank
    \vbox{normal}
    \blank
    \moveright1cm\vbox{right}
    \blank
\stopbuffer

\start \showboxes \getbuffer \stop \blank[4*big] \getbuffer

\stoptext
