Hi Shotster, there a few things one can do.
Can you zip up both images and post them here, or upload both images?
The 'obvious' common method is to mask by luminance, presuming that each has either a light or dark area of interest that is being blended.
http://members.ozemail.com.au/~binar...litymasks.html
Has more on some common masking methods such as luminance masks.
What I prefer to try is the layer option blending sliders, the grey range and the upper layer and lower layer slider interaction will give you a lot of flexibility (opt/alt click the sliders to split them to feather the effect).
http://members.ozemail.com.au/~binar...V_links.html#B
Has links on layer option blending sliders.
Often a combination of blend if sliders and layer masks based off channel content or luminance content are used - not to mention selective painting or toning on the mask etc.
There are also some plugs and apps for merging and averaging or combining various exposures, but they may not be needed in a case like this.
P.S. Being a full version user and knowing next to nothing about what Photoshop Elements can do, I am not sure how helpful this info will be. <g>
Hope this helps,
Stephen Marsh.