Hmmm, that's a good question!
In 'The Knitter's Bible' (by Claire Crompton) it describes the left twist this way: insert right hand needle into front of second stitch of left hand needle, working behind the first stitch and knit it. Then knit the first stitch on the left hand needle and slip both stitches on to the right hand needle.
I think that those instructions sound a bit clearer.
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