The STU formalism of Peskin and Takeuchi is an elegant method for enco
ding the measurable effects of new physics which couples to light ferm
ions dominantly through its effects on electroweak boson propagation.
However, this formalism cannot handle the case where the scale of new
physics is not much larger than the weak scale. In this case three new
parameters (V, W and X) are required. A global fit to precision elect
roweak data for these six parameters is performed. Our results differ
from what is found for just STU. In particular we find that the prefer
ence for S < 0 is no longer statistically significant.