* Madhu [2007-01-30 02:43+0100] writes:
In case I was not clear, To answer your question, under emacs 21, M-r REGEXP followed by M-p/M-n does not work as expected by you -- it does not bring the previous MATCHING item. It brings up the previous item.
What Emacs version do you have? It brings up the previous item here in 20.7, 21.4.1 and 22.