This is the question posed in The Football League Paper yesterday. Reading had a poor start to the season, but went on to win the championship and this is seen as a blueprint for Palace.
The logic runs like this. Sheffield Wednesday are a massive club, lauded by football journalists for their incredible feat of finishing second in League 1 last season. Their place is as good as booked in the Premiership next season. Hence, if Palace beat them, they must also be in contention.
It's a funny world, football journalism. There are always fads and fashions. In the early part of last season it was all about Spurs being poised to win the Premiership title. At the start of this season it was all about dissing Arsenal. Now the searchlight is on Liverpool. And so it goes on.