If any one is interested, alternate picking works starting with an upstroke on the first note(high E) of the arpeggio and progressing through the run from there. 

It looks like Mike was using economy picking betwen the second and third notes, but that screwed me up in the transition from one arpeggio to the next as ii seemed to end up doing a double upstroke in the transition and i just couldnt get it "synched".

I Still would like to refer back to my original comment on explaining the picking. 

Are there any lessons on the different picking techniques; Alternate, econmy etc...?