Yes, I'm familiar with that. I was taught the swooping technique in the mid 80s. It was a very popular technique back then. However, swooping and steering are two different things. One is intentional.
Well, if we're talking about mid-80s road players, those techniques are both intentional. They "swoop" down on unsuspecting marks, and "steer" the contents of the marks' wallet to the road player's pocket.
...oh wait, we're talking about something else...

-Sean