Acoustic panels - how high?


Is there a rule of thumb on how high an acoustic panel should be hung? I have a number of 2'x4' panels I want to hang behind my speakers and at first and second reflection points. My walls are 8ft tall.
Do I center the panels vertically on the wall or, since the top of my monitor speaker is only 4' high, do I lower the panel and center it on say the center of the speaker cabinet ?
rockyboy
A lot of good info, but didn't find an answer to my question.....how high to hang the panels on the wall. Maybe it doesn't matter.
Thank you but again I found no answer to my question. Exact heighth on the wall must not be critical to room treatment.
Rockyboy...I have mine (12"x48" & 24"x48") exactly centered on the wall. 24 inches above and below the panel. I have 8 foot ceilings also.

I built a very crude stand for them that could be raised or lowered 6 or so inches at a time. I started them at 24" from the ceiling and lowered them until I found the perfect spot. Actually, I got them too low and had to raise them up. I went up and down several times with them to get them right. It just so happened to be centered on the wall when all was said and done.

I do have panel speakers (Magnepan MG3.6 & Martin Logan CLSIIA).
Very interesting. Thanks.. I've adjusted mine a couple of times but can't hear any difference. Of course, i can't remember what I had for breakfast this morning let alone how my system sounded before I moved the panels.