electromagnetism - How is stable levitation possible?

This question is with reference to the video in this blog post: http://www.universetoday.com/90183/quantum-levitation-and-the-superconductor/

My question is the following: how is the disc stable in its levitated position?

Specifically, 25 seconds into the video, the exhibitor turns the entire thing upside down, and the disc doesn't fall. This contradicts two intuitive ideas I have:

1. 
   

   Right-side-up, gravity is counteracting the repulsive effect of the magnet. Upside down, gravity is working with it. Unless there's some adaptation going on somewhere else, shouldn't "gravity switching sides" be enough to tear the disc away from the magnet?

   
   


2. 
   

   I remembered something about "inverse-square" forces not permitting stable equilibria from college physics - sure enough Wikipedia calls it Earnshaw's theorem. I don't see how this is exempt from that rule. I guess I don't understand diamagnetism.

   
   
   

Answer

I tried to add this as a comment, but it is too long so I am making this an answer instead. This is not my text, but the text of one of the commentators on the video:

• 
  

  "Superconductors are of two types, which are defined by their Meissner effect. One type repels magnetic fields, which will levitate the superconducting object. A type I superconductor becomes a perfect diamagnetic material, which exhibits a magnetization in the opposite direction of an applied magnetic field. The Meissner effect creates a complete diamagnetic material so that no magnetic field lines are present in that material. I doubt this will suspend the object against gravity by putting it on bottom, for the magnetic fields in opposition will impose a force on the superconductor in the same direction as gravity.

  
  

  There is what might be called an anti-Meissner effect where the superconducting material collimates magnetic flux lines into narrow tubes or vortex fluxes. If the magnetic field at large is not perfectly uniform it takes work to move the object through the magnetic field and so energetically it is favorable to remain in a region with B_in and B_out remains the same. This is the Landau-Ginsburg effect and is found in type II superconductors. I think that this is a case of a type II superconductor."

  
  

This sounds right to me and explains what is meant by quantum locking since superconductivity is a macroscopic quantum phenomenon that is effectively locking the magnetic flux into specific tubes in the superconductor. The force that opposes gravity is, of course, magnetic so we are not talking about any kind of new force of nature.

When he uses his hand to move the superconductor, he is using enough force to make the magnetic flux tubes be rearranged but apparently the force of gravity is weak enough such that it cannot rearrange the flux tubes by itself. So I predict that if you added enough weight to the puck, it would fall :)