Uplifting thread. I've wondered who waves and who doesn't as well.
The regional guys usually wave to us Cessna and Piper drivers quite a bit. I like to wave at them, too. I think part of it is to get the pax, to see if they wave back.

The corporate guys are so-so with waving.
I only wave at other GA pilots on occasion. I should probably be better about that.
Now as far as the technique of waving? A whole exposed palm, or just raise an index finger in the air? Maybe a surfer move with only pinky finger and thumb extended? A thumbs up? Decisions, decisions.