I assumed the YOs were yarn forwards or yarn backs to accomodate for the next stitch (yarn in front for a purl, yarn in back for a knit). This means that for me, *row 5 is written correctly*, ie no YOs to drop. Peachass, could you clear this up for us?!
oh sorry, i haven't checked in for a while! veronique is right, the yo's in row 4 are only to accomodate the following stitches....if you knit continental style, you don't need this info at all. and if you knit with the yarn held in yr right hand, just be sure to yarn forward and back in between each k and p stitch.
so row 4 should be knit like this: k 1, *slip 2 sts as if to purl, k2tog, pass 2 slipped sts over k st, (k, p, k, p all on the same stitch)*k the last st.
hope that clears up all the confusion.