I think so. I think you'd want to adjust your phase setting to make that happen. I do it with two moving yoke lights(I only have 2 at the moment) and it works fine. I like to use opposite, so one might circle clockwise, and the other counter clockwise. I know for a fact that works because I do it with my pair.
I take it you don't want to use an X-invert setting so you maintain proper control at all times, right? I have to invert something on my non-ADJ brand lights to make them work properly in accordance wiht the 3-D Visualizer. Both are set the same.
Now, as far as a wave pattern, yes, use the sine wave feature. Freaking COOL!! Set it on the appropriate axix(probably X I think) and yes, you can have them do a wavy thing.