Brian,
After you have the alignment created, select the alignment line and right click. Select profile view.
Select the line in profile view, then use the move command. Click the beginning of the line for point 1, then in the point 2 box, type in the following format 100+00, 500. The first number will be your starting station. Then second number is the elevation of the station. Make sure 3D move is selected and click OK.
That will move the vertical to match your horizontal.
Hope this helps.
Mike