None of the replies you received to this post mentioned crew position.
This is very important. The faster the boat goes the more the nose buries itself. This doesn't occur only with Hobies but with all quick cats. On the homepage of my website there is a lovely photo of a Taipan 4.9 doing just what you described. See:
http://www.users.bigpond.com/robandheath/atcaThe upshot is the faster you go the more the bows want to bury. Watch the water level on the bow and as the bows start to get lower move your weight towards the back of the boat. You need to make sure that you don't overdo it of course and sail with your sterns dragging and your bows too high. It is a constant adjustment backward and forward along the hull as the speed of the boat changes.
If you feel the bow start to pitchpole easing the jib and main will help it back up but the main adjustment you need to make is where you place yourself along the hull.
May I suggest you get yourself a copy of the very excellent book written by the guy who owns the forum we are talking on.
It's called "Catamaran Racing for the 90's" by Rick White and Mary Wells. You can order it off
http://www.catsailor.com or just go to a big sailing shop. I picked my copy up at the local chandler in Cairns Australia.
Berthos.