I moved the monitor about 2ft away from the outlet and about a foot to a 1.5 feet from the PSU but I still see the wave. It's odd, because I only see it during windows, not before, and not during shutdown. 
I think it's ntjedi's first suggestion: windows is running the resolution and/or refresh rate at too high a speed for what the monitor can still do.
FWIW, I've had my monitor since what seems forever, and it's finally beginning to act up some what like you describe, but only sometimes, and only when the screen is running at 1024x768 @ 70 hz or higher. (I run windows 1024x768 @75, usually.) Lower res or slow refresh and it's fine, but about once a day in windows the monitor pops a "fixed horizontal" wave on me. Sometimes it goes away if I tap the side of the monitor, sometimes when I squeeze the monitor, sometimes I turn it off and come back later.

However, since mame rarely runs above 60 to 61 hz, I haven't seen any problems while playing, even if the res is bezeled/artworked or hwstretched to 1024x768, so sometimes I play mame to "fix" the problem, and hope it stays fixed after I finish playing.

(It usually doesn't stay fixed this way, but it's worth a try.

)
Does your monitor have problems while playing a game?