I followed the instructions in the article on password protecting an encrypted space but the space is not password protected.  What am I missing?

I followed the instructions in the artickle about how to create a password protected encrypted space, but the space just opens and the password I set up in Disk Utility does not protect it.  What am I missing? I am running Lion.

This article?
http://www.macworld.com/article/1154559/password_protect_folders.html

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