What is the path of the diver's fall from 3 o'clock???

Today, we had some very good discussions about the path of the diver if he fell at the 3 o'clock position. We recently learned that the circular motion of the ferris wheel is applying a "force" or as Ms. Kovacs said, a velocity. This velocity is in the direction of the tangent to the circle. Here is a link to see the tangent as the ferris wheel makes revolutions.

http://www.phy.ntnu.edu.tw/ntnujava/index.php?topic=148

The red arrow is the velocity (tangent to the circle). Does anyone know what the yellow and blue arrows represent?

Does this clarify the path of the diver if he is let got exactly at the 3 o'clock position?