Can't display time position on playhead
I have iMovie 10.0.2 and Mavericks and I want to cut an hour long movie into about 5 min segments. I want to be able to browse the movie and find out where I want to split it, note the time positions, then import the 1 hour each time and delete the sections before and after my clip and save each one. But, I cannot display the time location with the playhead (as apparently used to be possible). There are no Advanced Tools, the Preferences consist of two minor items only. The video is of a talk so the there are no visual clues as to locations.
I have spend several hours reading discussions and the only solution seems to be to use a 3rd party app MPEG Streamclip which will cut my original video into clips. Surely this is not what Apple, iMovie expects me to do?
MacBook, Mac OS X (10.6.5)