That's a really bad way of looking at it. From a theoretical perspective yes but it's more useful if you think of it is a language. If you do it for a bit you'll get it and you tend to pick it up like another conversation method with different sounds that's all. It's not dots and dashes, it's musical phrases that you learn. And from that, like conversation, you fill in gaps and recognise words automatically.

I mean the most basic CQ is dah dit dah dit - dah dah dit dah. You don't heard the dots or the dashes, you hear the rhythm. You don't see the CQ either, you know the concept from the rhythm as part of the conversation.