Yes If you look closely you will find that each indicator bulb has two leads, neither of the leads are connected to ground.
One lead of the RIGHT turn indicator is connected to P on the flasher plug, the other lead of the RIGHT turn indicator is connected to the lead going to the LEFT front turn signal lead
One of the LEFT turn signal indicator leads also connects to P on the flasher plug and the other lead on the LEFT turn indicator bulb is connected to the lead going to the RIGHT front turn signal lead.
Both indicator bulbs receive flashing voltage from P.
This hookup lets the voltage from the turn signal that is powered to go to the opposite turn signal indicator, that way when you have six volts on both leads of an indicator the light does not burn.
The indicator bulb that is on the side the turn signal is switched to will ground thru the filiment in the front turn bulb not receiving power and only that indicator bulb will burn.
Neat.... Eh?
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Lone Star Region
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