Elements message PowerPC applications are no longer supported

I have recently updated my Mac to version 10.7.5 and now Photoshop Elements 4 will not open. I uninstalled and reinstalled and it shows message
"You can't open the application HFSTest because PowerPC applications are no longer supported" so I can get no further.
Having paid for this software and used it on my Mac previous version, I want to open and use it now. Very annoyed. Anyone got any helpful tips?
Thanks.

Thank you so much for taking the time and trouble to reply concerning my problem with opening PSE4 on my Mac running v10.7
I understand now and I guess I have to fork out for the latest version of Elements. So very annoying!
Best wishes
Gussie
Date: Wed, 19 Jun 2013 13:10:36 -0700
From: [email protected]
To: [email protected]
Subject: Elements message PowerPC applications are no longer supported
    Re: Elements message PowerPC applications are no longer supported
    created by Barbara B. in Photoshop Elements - View the full discussion
It's telling you the sad truth. PSE 4 is not compatible with 10.7 (wasn't really for several versions of OS X, although if installed it would continue to work.) You need at least PSE 6.
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