no, each ide channel will only support 2 devices, one master and one slave. you would need a pci based ide controller which will give you 2 more ide channels to support more devices. something like the below will do and they are quite inexpensive.
Silicon Image SiI 0680 Ultra-ATA/133 Medley RAID Controller
This is what I have. Google it and you'll find several makers of the card using this chip and firmware.
45 bucks US www.microcenter.com