If you look at the second picture on the page linked by Mitch, it
might be a little more clear.  Basically, the top arm (in the picture)
has a little cam that engages the cable as you begin to squeeze the
handles.  Then, as you squeeze more, the two arms of the tool move
away from one another, thus "pulling" the cable.  The bottom arm (with
the slot in it) pushes against the brake (or derailer), while the top
arm pulls the cable.  I use the Hozan version, which doesn't have a
thumb lock feature, so I just squeeze with one hand and tighten the
hex screw with the other.

Hope this isn't confusing things more...

-Jay B.

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