I've always thought most of this effect was in the second stage of memory where it gets solidified into medium or long term memory instead of the few seconds of

I've always thought most of this effect was in the second stage of memory where it gets solidified into medium or long term memory instead of the few seconds of real time memory that we use for executing all our daily tasks. The reason I think this is that sometimes when this effect has triggered for me I have remembered great detail about the few seconds before the event actually occurred. For example, a few years ago my wife fell off a balcony while holding our baby. At first I didn't know what was wrong, I only heard her call out and wandered out curiously to see what she wanted. While wandering out I had no idea how serious it was - but I have the "Slow Mo" effect for that precursor time as well.