As he points out in this video, the dough will become more firm on top. His timing is about right though it doesn't make a lot of difference.
Jim Lahey seems to only fold the dough once and not until after it has fermented for quite a few hours. His method also seems to work. So, once again, there seems to be a lot of flexibility in how this can be done and still have excellent results.
As with anything else, practice will make you better and you'll probably develop your own variation on this theme.