The manager believes that if the team repeat that level of performance then "we will have a couple of games where we get better results". I was asking four or five players about it and they were very clear, 'Oh no, we can not and that was it.
But Elliot believes other clubs who are enjoying an upturn in results can show Newcastle the way as they look to get out of trouble over the festive period.
"Normally we will not do it, and the players have also made a decision to cancel their Christmas party because they have taken responsibility and they think it's important to focus on football", the Spaniard said.
I don't even want to think about having to play Manchester City twice within three and a half weeks, but bottom line is, that four of our next five matches are against West Ham, Stoke, Brighton and Swansea, clubs that are all in the bottom six.
"When you get to this stage of the season, every game in the Premier League is a significant one".
"We need to be competitive like today and keep going", the Spaniard told the BBC.
"We had our chances (against Arsenal)".
"They're giving everything, but we are where we are and we have what we have".
"The difference between some teams in the table is not too big". We had chances at the end and we stayed in the game and worked hard. They gave everything. We are where we are and have what we have.
"I was talking with Lee Charnley, the managing director, and we know more or less what we have".
Fans took to Twitter to name him as Newcastle's man of the match, noting that he is something of a bargain given that Arsenal counterpart Granit Xhaka cost exponentially more just over a year ago.