If by reverse you mean going forward instead of backwards, that should be done with Ctrl-S; it does not work in Bash though, since Ctrl-S locks the scrolling of the terminal. I believe this behavior can be overridden, through some .xinputrc settings perhaps, but I haven't still found enough motivation to look it up!

edit: ok, I've found this: http://wiki.archlinux.org/index.php/Bash#History_search