Some brief thoughts:
1. Keeping the rod-tip up was meant to stop people pointing the tip at
the fish---bad move.
2. It would have been much better to say, "keep the rod-butt
perpendicular to the fish and the rod angled at 45 deg to the side" but
that's a lot of words.
3. A vertical rod wastes "pressure" because you are trying to lift the
fish out of the water---bad move. Side pressure continually pulls the
fish off-balance, causing them to fight harder and thus tire more
quickly (the goal!).
4. Only experience will let you be aware of the "right time" to land a
fish destined for release. 
5. Drowning the line when a fish is running is not recommended unless
you have a very strong tippet; in fact, when a large fish is running
hard is the one time (except right at the finish) when I put the rod-tip
as high in the air as possible to minimize drag on the line.
6. Whenever possible on rivers, move to keep the fish across or
upstream.

There are some additional moves to be made to handle specific
situations, but this is a start.

Cheers,
Paul
http://www.galesendpress.com
-- 
Paul Marriner
Outdoor Writing & Photography. Member OWAA & OWC. Author of Stillwater
Fly Fishing: Tools & Tactics (Print [NEW] & CD), Modern Atlantic Salmon
Flies, Miramichi River Journal, Ausable River Journal, and Atlantic
Salmon.

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