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In Photoshop elements 14, the magic extractor is in not in dropdown Menu
Adobe removed the Magic Extractor from photoshop elements starting with photoshop elements 12.
Try out the Quick Selection Tool and then Select>Refine Edge
Quick Selection and Refine Edge in both Photoshop and Elements 12 - YouTube
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Can't believe they got rid of it, that was the best part of PSE, don't care much for the other solutions. It saved a lot of time and effort. I'll stick with previous version.