With seven games remaining and Birmingham City next at the Lane on Saturday, the skipper feels that the European spots are still to be cemented and that any sort of run of wins between now and the end of the season can make a huge difference.
Just six points separate 10th and sixth position and the Premiership campaign can rarely have been so open since its inception in 1992.
"Of course it is," agreed Teddy. "It is the same for everybody from now until the end of the season, you're either playing title contenders, European chasers, Champions League contenders or teams fighting to avoid going down.
"People might say there's nothing to play for, but there is. Even people below us can make a late surge and get into Europe.
"If they are eyeing that then there is no doubt that we can be."
One thing that the team will be desperately hoping to avoid against Birmingham is a repeat of the late, late kick in the teeth suffered last time out at Bolton, where a last-gasp penalty denied the team any reward from the trip.
"You can look at it like that," considered Teddy. "There has been a lot more made of it than just a late kick in the teeth, but we knew it was going to be a tough game and they were going to be chucking everything at us.
"But we should be able to handle that and we should be going to places and dominating games. It's not happening at the moment and we've got to pull together and make sure we do that until the end of the season.
"There is still a lot of points to play for and we can certainly get up the league."
Teddy Sheringham agrees that the unpredictable nature of this season's Premiership means there is still time to make a positive impression in the top third of the table.