Forum:Spear Creatin Effect

I am wondering if I am correctly assuming the affect of this card correctly, I will give a situation of what I mean.

I have spear creatin face down, and my oppenant has 5 monsters on the field, I have nothing else on the field, so then I can summon another spear creatin (my chosen monster from the graveyard assuming it's dead already) and the effect continues negating each attack from all 5 monsters correct? (assuming that chain is not broken by removing monsters from play etc.