The guided modes of a negative refractive index channel waveguide have been numerically investigated. It has been found that the modes exhibit a number of unusual properties that differ considerably from those of a conventional waveguide. In particular, it has been shown that these waveguides can exhibit low or negative group velocity as well as extraordinarily large group velocity dispersion. Calculation of the Poynting vector reveals that it is possible to support a mode with a zero energy flux motivating a simple design for an optical trap
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