sawn_penn,
Its not the dipping of the tip that causes the chain to come out of the grooves, it is forcing the bar to rotate with the chain at full speed and the resulting acceleration that bar rotation puts on the chain. I'll admit it is tough to understand there is a force pulling the chain out of the groove when you rotate the bar with the chain at full speed.
The best part of this phenomenon is that you can see it with any gas powered chain saw. We first noticed it 20+ years ago when the technicians could throw a chain off a new bar design anytime they wanted without striking any objects. No matter how tight we tensioned the chain the technicians threw the chain. Viewing the bar from the side, we were astonishhed to see the chain come out of the bar grooves when the technican rotated the bar, and then a little flick of the wrist and off the chain would come. Took a while to figure out the physics responsible for pulling the chain out of the groove.