Well we are remembering different things then. I can remember, around the time Hughes was brought in, Swansea were sat in about 13th having beaten a couple of the bigger teams (Arsenal were definitely one, not sure on the other) since Carvahal had come in. They also battered West Ham iirc. They were only 3 or 4 points from the relegation zone but people were saying they would go from strength to strength and I'm sure a lot of their fans weren't thinking about relegation at that point, but we all know what happened.
I don't think we will go down, but just by looking back one season i think you can draw some comparisons to Swansea