Richard's Almanac by Richard Kaufman Volume 1, Number 3, November 1982 Page 17 et seq.
Personal Comment: I don't like the neither structure nor the effect, but I was told by a few other magicians, that it "kills" I highly doubt that. I think it is unclear what is going on so there is the need to tell the audience what is going on. And is a card rising up and down not much more impressive if the whole deck is involved? (aka Ambitious card)