It is easy to lose faith in the England revival.
All the pre-series build-up was based on extrapolating performances against lesser nations and, now that we have some concrete evidence, it is clear that England are going to be pulverised, again, by a far superior side.
Shane Warne and Glenn McGrath slipping back into the groove of match- winning efforts, England producing a woeful fielding display, superb batting from the Australian middle order: there is no shortage of ammunition for the doom-mongers.
And yet, if I cast my mind back to the end of the first day, I can remember the pundits highlighting the extra practice the Aussies were putting in at the last moment on the eve of the match and their reluctance to name their team well before the toss, all this in sharp contrast to the English camp.
There were suggestions, unless my memory is playing tricks, that this was emblematic of a shift in power from the Australians to the English. Surely these conclusions, from such knowledgeable and experienced media figures, are not so fragile as to be blown away by the two days of cricket that followed?
It is difficult not to be swayed by the enormity of the Australian win, especially when accompanied and reinforced by minute and exhaustive analysis. But do not forget that the one-day cricket this summer between these two sides has been characterised by landslide victories followed by crushing defeats.
It seemed that once a team had a slight advantage, it was unremittingly converted into a substantial win, but the following day both teams started afresh. There is no reason why the Test series cannot follow a similar course.
What is clear is the Australians' reliance on Warne and McGrath. Warne must have been cock-a-hoop when Michael Hunt, the Lord's groundsman, declared that the pitch was too dry, and perfect for a match starting a day earlier.
Given that there has been virtually no rain in the build-up to the match to make decisions on watering the pitch a gamble, there must have been a very strict hosepipe ban in the region, as this can be the only reason why this usually excellent groundsman would product a pitch so suited to the Australian attack.
England undoubtedly will have to fight the ghosts of Ashes past and they will have to improve their fielding but they still have the bowlers to take 20 Australian wickets, and they still have the batting to put enough runs on the board.
With the bat, Kevin Pietersen has cemented his place for the foreseeable future but just imagine if he had taken that catch from Michael Clarke in the second innings, I might well be writing about a fantastic English victory. It is these match-defining moments that England need to fall for them. Then the rest will take care of itself. Don't write off hopes of regaining the Ashes. Not yet at least.