The Spanish movie PARALLEL MOTHERS, directed by Pedro Almodovar and starring Penelope Cruz, elicited a nine-minute standing ovation at its screening on the opening night of the Venice Film Festival. Predictably, Cruz bagged the Coppa Volpi for Best Actress. That done, the Dream Team now sets its sights on the New York Film Festival and -- why not? -- the Academy Awards. It won't be the first time for the Team to win an Oscar either.