Yes.
<script>
function changeSelect(){
curIndex = document.myForm.mySelect.selectedIndex
if (curIndex < document.myForm.mySelect.options.length - 1){
document.myForm.mySelect.selectedIndex = curIndex++
}
}
</script>
<form name="myForm">
<select name="mySelect">
<option selected>1
<option>2
<option>3
<option>4
<option>5
</select>
<input value="Click" onClick="changeSelect()">
Programming today is a race between software engineers striving to build better and bigger idiot-proof programs, and the Universe trying to produce bigger and better idiots. So far, the Universe is winning. - Rich Cook