Your analysis is wrong. It contradicts Scripture.No...the old man is dead. We are to deprive of power the deeds of the body, the flesh lusts against the Spirit.
The man dead in sins, the carnal man, the unregenerate man – that man has absolutely ceased to be. He is dead and gone.
We all have the old man, which is of the flesh or carnal. It never departs from us. Paul taught this to both the Ephesians and the Colossians.
Consider Ephesians four:
Eph 4:17-24
(17) This I say therefore, and testify in the Lord, that ye henceforth walk not as other Gentiles walk, in the vanity of their mind,
(18) Having the understanding darkened, being alienated from the life of God through the ignorance that is in them, because of the blindness of their heart:
(19) Who being past feeling have given themselves over unto lasciviousness, to work all uncleanness with greediness.
(20) But ye have not so learned Christ;
(21) If so be that ye have heard him, and have been taught by him, as the truth is in Jesus:
(22) That ye put off concerning the former conversation the old man, which is corrupt according to the deceitful lusts;
(23) And be renewed in the spirit of your mind;
(24) And that ye put on the new man, which after God is created in righteousness and true holiness.
In verses 17-19 Paul does not say that they are Gentiles. Rather he tells them not to walk as the Gentiles. In order to do so, they must put off the old man.
In verse 24 he tells them to put on the new man, even though they had already been saved for some time. This was a daily practice: put off; put on.
We live in a sea of corruption. We are attacked by Satan daily. We are tempted by sin, and we do sin. We need to put off all these things that Paul mentions:
Eph 4:25-30
(25) Wherefore putting away lying, speak every man truth with his neighbour: for we are members one of another.
(26) Be ye angry, and sin not: let not the sun go down upon your wrath:
(27) Neither give place to the devil.
(28) Let him that stole steal no more: but rather let him labour, working with his hands the thing which is good, that he may have to give to him that needeth.
(29) Let no corrupt communication proceed out of your mouth, but that which is good to the use of edifying, that it may minister grace unto the hearers.
(30) And grieve not the holy Spirit of God, whereby ye are sealed unto the day of redemption.
These things were written for our learning and our admonition.
Note also:
Don't give place to the devil.
Grieve not the Holy Spirit of God.
--The believer is not dead to sin; he does have the old man, the carnal flesh, etc. To deny such is to grieve the Spirit of God and give place to the devil.
Every time one sins he gives into his carnal selfishness.