After washing some of the goat smell off and woofing down my chicken and rice "special", I was in a better frame of mind to explain what in the name of Kojaks bald head was going on with stocks and this triangle pattern from.........well you know. First a symmetrical triangle formed, broke out and then failed. It then immediately turned into an ascending triangle which formed, broke out and, you guessed it, failed. NOW it appears to be turning into a larger pattern called a rising wedge! This a bearish pattern but leaves room for a further push to our targets of 1320-1349 on the S&P. This actually brings some clarity to me since it pushes the probability for a failure of the rally at some point and a retest of the July lows to a favored position. This "pattern morphing" as I call it is fairly common from my experience. It's the main reason why people who rely on Elliott Wave alone are often very wrong. One pattern can just morph into something larger. At that Mark suddenly asked if was I referring to Morph from the Morph and Mindy show. I gently reminded  him it was Mork, not morph, and no I was not. Dale, arriving back at the table from paying his bill thought Mark had called me a dork and chimed in that it was about time someone around here spoke their mind and he might just have to agree. At that I'd had enough and headed out to my new found truck. I hoped in, backed up and sped away. I was about 2 miles down the road when I remembered..............the goat! Suddenly I knew exactly how Clark W. Griswold must have felt!