You will not be able to edit that MOV natively in Premiere Elements.
Video from still cameras must be converted to DV-AVIs before importing them into a Premiere Elements project, per the FAQs to the right of this forum.
First, MOV is but a "wrapper," and can contain all sorts of "stuff," mostly different CODEC's. This ARTICLE will give you background on what can be inside those "wrappers," plus tell you how to "peek" inside of them.
For most MOV files, I use Apple's QuickTime Pro (US$29 upgrade/unlock), and choose DV-AVI w/ the DV/DVCPRO CODEC (compression) and 48KHz 16-bit PCM/WAV for the Audio.
About the only MOV format/CODEC, that I do not have issues with is the Animation CODEC. I use those in PrPro to edit natively, when an artist, or client provides me material from a Mac. I just specify the Animation CODEC, and things work fine. Other MOV CODEC's - well, not so well.