pattyballs

Yes, deffinitely polish and wax indoors, and try to use fresh microfiber towels...

Here is a link to the site:
Detailed Image - Premium Auto Detailing and Car Care Products

I would suggest the following:
Porter Cable 7424
Lake Country Yellow Pad (Cutting pad to be used with compound)
Lake Country White pad (Finishing pad to be used with finishing polish)
Lake Country Black Pad (Wax pad)
Meguiars M105(Compound)
Meguiars M205 (Finishing Polish after compound)
P21s Concours Carnauba Wax (will last you a while, and its a great wax)


Towels: Not sure if you want to buy microfiber towels but i love the ReTHICKulous towels. Great for drying and removing residue as they are very absorbent.
Let me know if you have any other questions.

Also, It is a great source of information. In the detailers blog section there are tons of reviews on many of the products that they sell along with various blogs on how-to's which you may find very useful since this is your first time performing a full detail.