And what if she had still been here? she wondered. With the necklace off, and maybe whoever freed her? Shivering, she withdrew slowly. Moghedien had good reason to dislike her, very personally, and the only sister who could match one of the Forsaken alone, when she could channel at all, was in Ebou Dar. Moghedien
could have killed Eg-wene without anyone noticing; even had a sister felt her channel, there would be nothing remarkable in that. Worse, Moghedien might not have killed her. And no one would have known anything until they found the pair of them gone.


She clearly mentions the person who freed Moggy, and wonders what would have happened if Moggy surprised her.

Yes, it seems, she thinks she cannot match any of the Foresaken alone. But then she says this, too:

For that matter, what good would it have done? It had to be one of the Forsaken. Do you really think Faolain and Theodrin together could have stopped him? I'm not sure I could have, even linked
with Romanda and Lelaine."

If Egwene thinks there's a chance for her, linked with Romanda and Lelaine, to stop one of the Male Forsaken and Moggy, she is, if anything, indicating her strength. She has faced Lanfear, and felt Moghedien's power, after all. It isn't as if her estimation is unrealistic!

I think what she's acknowledging that she is weaker than Moggy, and could have been surprised by her. I doubt that means Egwene cannot fight Moghedien.

RJ said Elayne, Egwene and Aviendha are but a step below the Forsaken.

And remember, Nynaeve in aCoS couldn't shield Elayne, and Elayne wasn't at her full strength either.

Like with Nynaeve, I can only say that it is folly to simply write of the strength of the chief female protagonist. She may not be the strongest, but Egwene is just below Forsaken strength. I don't doubt she can give a good fight to some of them at least.