A Pitts S2 pilot in a CTAF touch and go pattern following a C150 turned base inside of the slower aircraft; an action which upset the other pilot.

Narrative

I returned to pattern after short flight to conduct touch and go landings at my base airport. On my way back I heard a Cessna calling that he was approaching to enter the pattern. The Cessna entered the pattern; another aircraft (Aviat Husky) entered behind him; and I fell in behind the Husky. Due to my speed differential with the Husky (my pattern speed is 105 MPH); I left and re-entered the pattern for spacing. The Cessna landed; the Husky landed and was full-stop. Due to the proximity of the Class B airspace; I could not extend my pattern any further; so I called a go-around as I turned final since I didn't feel that the Husky could clear the runway before I landed. I flew to the right of the runway and stayed in the pattern behind the Cessna. The Cessna completed one or two more touch and goes; with me behind. Due to speed differential between myself and the Cessna; I flew a wider pattern and S-turned to maintain spacing and visual contact. The Cessna completed a touch and go; and was airborne on climbout as I was on base. I completed a touch and go and reacquired the Cessna visually. He was climbing out at a slight angle to the runway and appeared to be well over a mile beyond the end of the runway. I was climbing at 120 MPH and was closing on the Cessna; although I was still well behind him; I would judge more than 4;000 FT; and was at the point where I would normally turn crosswind. At this point I was wondering if the Cessna was staying in the pattern or leaving; necessitating a decision on my part. If I followed the Cessna; I would run a greater risk of conflict as I overtook him; if he wasn't leaving the pattern this left me having to fly a very wide pattern since he was already so far out. I further concluded that my performance advantage was such that we would remain maximum distance apart if I went ahead and turned crosswind leg. So I did; while announcing my intentions on the radio. The Cessna pilot then announced a crosswind turn and also announced his displeasure at me turning inside of him. I apologized and told him I wasn't sure he was staying in the pattern and that I wasn't a factor for him; nor was he a factor for me - all of which was true. The performance difference between aircraft was such that I completed my touch and go and was on the downwind leg again before he did a touch and go. Retrospective I feel I created unnecessary confusion by not invoking better communications. I should have inquired as to the Cessna's intentions before I turned crosswind. I have had occasions in the past to need to resolve potential conflicts with slower traffic; and communication in those instances was key. Similarly; I also fly a low performance Piper Cub that can be an impediment in the pattern if cooperation doesn't come into play. Looking back; I realize that pilots tend to view other aircraft that perform differently than theirs with disdain. Either you are trying to keep from getting run over; or you are trying to keep from running someone else over. Communication is key to resolving these situations.