the keys here again are, don't leave it on more than a few seconds, and use a micro fiber cloth to wipe it down....and then buff the heck out of it...we haven't had any streaking, or rust, using it that way.
It's a microcrystalline wax, so it can be 'invisible' and still work wonders...but, if you believe that wax needs to be put on thick, and left on, so be it. (It's not what the instructions say to do, but hey, not everyone believes what they read...lol)
In other words, if you feel that you 'have to see it' for wax to work, then yep, it's going to look pretty streaky...
Agreeing with HJK here, there are better 'user' knife products. For a 'user', I'd recommend Sentry Solutions 'Marine Tuff Cloth'...good stuff for outdoor use, or for people that don't want to clean their knives...
Mel