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I have a question about making a HD video for youtube?

I want to make a high definition video for youtube, and have been able to upload a single clip. (eg: http://www.youtube.com/watch?v=1wH3Z0-AUtU ) but I want to make a short movie. What software do I need to edit HD videos and keep them HD. I use Premiere Elements 7 but when I save it it goes to standard definition. I have PMB which came with my HD camcorder, but it doesn't seem to have any means of putting two clips together, adding sound track, or any other editing ability.

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