hiya!
The eye exercises you are talking about don't help myopis or hypermetropia or presbyopia (when you get old and have to hold reading further and futrher away). As Han Solo mentioned, these exercises are for lazy eye muscles that cause you eye to turn to one side instead of looking straught.
For some people, mainly children, who has very slight laziness of eye muscles, the the eyes nto being parallel can tire their brains out and thus the vision would be blurry. The way to help in those cases is to do exercises to build up muscle fibre in teh weak eye muscles so the person has more control over the eye muscles to keep the eyes straight and vision clear.
There was a report about eye exercises helping people become spectacle-free on a show called "Today Tonight" last year, and when my class saw it (we were out celebrating end of exams at dinner), we cracked up laughing cos it was a load of ****. Myopia and hypermetropia is not caused by tonicity of eye muscles, but by the length of the eye and refractive content of the lens and cornea. It is what we are born with adn e cannto change it unless we wear glasses or have surgery.
So to answer your question, no, once an eye is myopic, you cannot reverse myopia unless by surgical or spectacle means. But if you are hypermetropic, there wil be a brief period when you are 60 or so and develop cataracts which will temporaroly cancel out your long-sightedness even withotu glasses, but it quicky goes the other way you have to wear glasses again.