It is hard to visualize but running the blade upside down in reverse will direct forced downward. Eccentric makes one specifically for screw on chucks.
http://www.hobby-machinist.com/threads/aloris-parting-tools-i-dont-understand.64519/#post-536281
http://www.hobby-machinist.com/threads/aloris-parting-tools-i-dont-understand.64519/#post-536281