It worked well, but I also had the "target not found" message until I realized I gave the symbol the name "loader" but I forgot to name the instance of that symbol. The author mentions that in the tutorial but it's easy to forget. Be sure to type in "loader" in the "instance name" window that appears on the left hand side of the "properties" menu when you click on the loader symbol. That's what Flash is trying to reference.
To the author:
Good job on your tutorial; it's basic, to the point and it works. Thanks!