Tottenham, who have enjoyed a superb season and started the match 10 points clear of Arsenal in third place, were in the rare position of being favourites as they looked to complete a league double over Arsenal for the first time since 1993.
In contrast Arsenal were lacking form and confidence after losing 4-0 at AC Milan in the Champions League and 2-0 at Sunderland in the FA Cup in their last two matches as they face a seventh successive season without a trophy.
"It is still possible, so why not?" he told reporters. "It's all down to consistency and we have been very consistent in the Premier League over the last few months.
"Spurs started well today, but we showed great spirit and we played very well in the first half and were well on top in the second half."
"The crowd were on his back, but he coped with it and did very well in the end. In fact everyone played well. We were tactically faster and superior with our passing today," Wenger added.
Manager Harry Redknapp must hope that this shattering defeat does not undermine their confidence but is taking nothing for granted as he contemplates his own future as either the Spurs or possibly England's manager.
"It is going to be very tight at the end of the season," he said.
"We are still in a great position ahead of Arsenal and Chelsea, but as far as today goes I wasn't really comfortable when we were 2-0 up and I just wanted us to get to half-time ahead.
"But when they made it 2-2 by half-time the momentum was with them and I don't li
