I think the mod who deleted it thought it was a duplicate of your first post.
You wrote that you don't understand about where to place the markers. It says "knit 8 stitches and place stitch marker between each 8 for one round. Next step is to knit 16 stitches onto a double pointed needle... and it says "be careful to slip the sm between the stitches and repeat 3 times more."
You should have placed a marker every 8 sts and slip the markers from one needle to another when you come to them. Leave the markers where they are when you switch to dpns because you will decrease enough stitches that they won't go around the circular anymore. Or use Magic Loop - video on the Advanced Techniques page. And I think it's assuming you have a 5 needle set, 16 sts on 4 needles = 64 sts.