Thanks, TX...I think I have isolated the problem and it seems to be in the filter itself. I ran the filter on 'recirculate' last night and it ran for hours without any problems. As soon as I put it on 'filter', within 20 mins the pressure shot up and it started losing it's prime again. After switching it back to 'recirculate' the filter basket filled up with water and it ran as before. So the problem is definitely inside the filter assembly.
I also had some problems with the 6-position valve on the outside of the filter last year and had to disassemble it. I will take a look at it also. (Maybe something is broken in there?)
Before the season starts, I completely disassemble, clean, and reassemble the entire internal parts of the filter. "Qualified" professionals here in Albuquerque is a hit-and-miss proposition, at best. I have found that out trying to get my hot tub serviced. I have run this pool for 14 years and my parents pool in Michigan for quite a number of years. I feel pretty confident in what I am doing, but I refer to the people on this forum to make sure I am going in the right direction.