Can I run OS 10.6.x in Paralleles installed on a Mac running OS 10.7.2?

Can I run OS 10.6.x in Paralleles installed on a Mac running OS 10.7.2?
This question is related to my need to continuing using Quicken 2005, which is not supported by OS 10 7.2. If I could load Mac OS 10.6.8 into Parallels and run Quicken 2006 in an emulated version of Mac OS, I could then run 10.7.2 and move onto iCloud. I've looked at a couple of altehrnaftves to Quicken 2005 but none are as comprehensive as Quicken.
John

Hi John,
That is an interesting question, to which I don't know the answer. You might try it on a separate drive or partition and see how it works. I run Snow and Lion but on separate partitions on my internal HDD. If you try it please let us know how it works.
cornelius
PS: I see Niel has ansered, while I was posting.

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