
This looks especially good in long-repeat variegated yarns like Noro Silk Garden.
Materials: Noro "Silk Garden" (about 1 1/2 skeins); size 7 16-inch circular needle and double-pointed needles. Gauge = 4 sts/in.
Sizes small (medium)
Cast on 80 (88) stitches on 16-in. circ.ndl., join. Knit 8 rounds. *Purl 4 rounds. Knit 4 rounds. Repeat from * three (four) times. Purl 4 rounds (there should be four (five) purl ridges).
Knit 1 round. Decrease round: K 6, K 2 tog around = 70 (77) sts. Knit 2 rounds. Purl 4 rounds.
Knit 1 round. Decrease round: K 5, K 2 tog around = 60 (66) sts. Knit 2 rounds. Purl 4 rounds.
Knit 1 round. Decrease round: K 4, K 2 tog around = 50 (55) sts.
Knit 1 round. Decrease round: K 3, K 2 tog around = 40 (44) sts. Knit 1 round. Continue to work decrease rounds as established every other round, changing to double-pointed needles when needed. At 10 (11) sts, pull stitches together, fasten off.
--Karen Kahane (2005)