SQL – Strange Red Squiggle

After installing SQL 7 I attempted to view my server’s contents in the enterprise manager (Databases, Data Transformation, etc.). When I click to expose the list of folders a dialog box arises informing me that the server does not currently seem tobe running, do I want to open it anyways? I click yes and am able to navigate through the the Server’s various folders, but a small, red squiggle appears next to the green arrow that indicates that my server is running. The server is set to run atstartup, so it is running at the time that this dialog box appears. Can anyone tell me what the significance of this red squiggle is?