Row 1 (rs) sl 1 *pm, M1, k to next market, rep from * 5 more times, p1-14 sts (i don't know what p1-14 sts means)
Row 2 purl
This really isn't worded very well, since it says to knit to next marker before the markers are even placed. It makes sense for future increase rows, but not this one. But. .
first row: sl1, pm, M1, k, pm,M1, k, pm, M1, k, pm, M1, k, pm, M, k1, pm, k1, M1, p1 = 14 st --that's what that last bit means.
On row 2, purl across, and on row 3 knit across.
When you get to row 1 again, you'll follow the directions except for placing a marker, I believe, increasing before each marker.
There is no way you can just repeat rows 2 and 3 and increase anywhere.