Check out this two part video:
http://www.youtube.com/watch?v=LH3mkxeHWmU
http://www.youtube.com/watch?v=piHWk...feature=fvwrel
No need to cycle the ABS when using a power bleeder.
When you attach the two pieces of the power bleeder tube (2nd half has the master cylinder cap on it) use teflon tape on the tube connector threads or it will drip and lose pressure.