That seems to be the way it reads; or you could read it as every other row from the first bind off.
It really doesn't make a difference, though. You can dec on the purl side, or if you'd rather do it on the knit, you can do that instead.
"Trust the pattern!"
Time flies like an arrow, but fruit flies like a banana.
Hop aboard while we follow the cloud-covered van of knitting harmony, man!! Woooo!! --Hedgehog
IngridKH on Ravelry