p, m, p, m, p, m, p, m, ktbl 2 times. is right assuming that the punctuation is correct.
It may be possible that there is an error in where the 2 times should go. How many stitches do you have on the needle, and are there 4 purls and 2 knits repeated?
"Trust the pattern!"
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IngridKH on Ravelry