Like many chiral molecules, the two stereoisomers of glyceraldehyde will gradually rotate the polarization direction of linearly polarized light as it passes through it, even in solution.  The two stereoisomers are identified with the prefixes - and -, according to the sense of rotation: -glyceraldehyde is dextrorotatory (rotates the polarization axis clockwise), while -glyceraldehyde is levorotatory (rotates it counterclockwise).
The - and - prefixes are also used with other monosaccharides, to distinguish two particular stereoisomers that are mirror-images of each other. For this purpose, one considers the chiral carbon that is furthest removed from the C=O group. Its four bonds must connect to −H, −OH, −C(OH)H, and the rest of the molecule.  If the molecule can be rotated in space so that the directions of those four groups match those of the analog groups in -glyceraldehyde's C2, then the isomer receives the - prefix. Otherwise, it receives the - prefix.
In the Fischer projection, the - and - prefixes specifies the configuration at the carbon atom that is second from bottom: - if the hydroxyl is on the right side, and - if it is on the left side.
Note that the - and - prefixes do not indicate the direction of rotation of polarized light, which is a combined effect of the arrangement at all chiral centers.  However, the two enantiomers will always rotate the light in opposite directions, by the same amount. See also  system.