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I use Turtle Wax White Polishing Compound by hand, wash it, then go over it with a couple of coats of Carnu-B Wax:
http://www.ebay.com/sch/i.html?_nkw=...u+b+wax&crdt=0
I have had really good luck with this process, even with thin paint. Here is the hood on my Red/White '70 with half done, half not.
LockDoc