Most folks around here wave. Only Harley riders reserver the wave. Most crusers wave with a hand up or out and sport bikers wave with two fingers low and out (not pointed at the ground). I like the low wave \ / to everyone.
For an emergency stop or less but quickly is Throw left arm straight up. Most of the rest has been covered in drewls post. That's a good one. For turn signals on I use all the fingers opening and closing hand. Indicates flashing light. Now back to the hot girl signals. Are there more?
About Harley rider's not waving - how do you know they woulda waved to anyone else, including a fellow Harley rider? I always assume they are 1. are in a bad mood (perhaps to be in a good mood again, once the ride is over) 2. are afraid to let go of the bars, lest the combination of wind and vibration pushes them off their bike. 3. are noob riders who didn't expect a wave, else #2.