I think I got it figured out- had to compress the alchemist folder. THanks.
this is what the readme says:UPLOAD INSTRUCTIONS
1. Unzip alchemist-packed.zip
2. Upload alchemist folder to WordPress theme folder
3. Login to wordpress admin
4. Goto Apperance
5. Activate Alchemist theme
On the install browser, it won’t open alchemist folder.
So again, my conundrum is where is the .zip file to upload?
Yup, I see alchemist-packed file like the Readme says, but its not a .zip file that I can upload on the theme file. Its just a regular file that opens into many other files.