How do I transfer my Quicken 2004 data from old MacBook to new Imac with Mountain Lion

I want to transfer my Quicken 2004 (upgraded to 2006) data from MacBook running OSX 10.5.8 to new Imac running Mountain Lion with Quicken 2007 Lion.  How do I do this?  I thought from what I've read on line that all I needed to do was upgrade the quicken to 2006 and then the data would be readable by Quicken 2007 Lion.  Any help would be greatly appreciated!

OK: This information is VERY helpful!  Note my comments below:
elcamera wrote:
Here is what I'm doing step by step:
Open Quicken 2006 (it did automatically convert the Quicken 2004 data) -- GOOD!
Do not do these steps
I went to File> Export> All 
Named the file "Copy of Quicken Data.qif" and saved it to the desktop of my MacBook.
At this point if I send the file as is it would not open on the other end saying that Power PC apps are not supported. 
I discovered that if I  go to File> Get Info in the Finder window before I send it and change the setting "Open with" from "Preview" to "Quicken 2006", that the file would be recognized by the new computer.
Compress the converted Quicken 2006 data file by Control-Clicking on the converted Quicken 2006 data file and it should save with a .zip extension.
Send the automatically converted and compressed Quicken 2006 data file with the zip extension I send it to myself via email as an attachment, I save the attachment to the desktop of the Imac.  Uncompress it by double-clicking it.
I open Quicken 2007 Lion
Go to File>Open File... Import>From QIF
Select the converted and uncompressed Quicken 2006 data file attachment that you saved to the desktop of the iMac and then uncompressed. "Copy of Quicken Data.qif"
It begins to download, then I get a warning
"Quicken is unable to import "Copy of Quicken Data.qif" becasue the transaction displayed below is too large...  it goes on to say that there is possibly too much text in the split line detail etc.
It should open in Quicken 2007 for Lion/Mt. Lion
Thanks for your time, any insights would be much appreciated.

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