that's not how it's meant to be installed.
1. you will need clockwork running on the fascinate (there's a sticky in this forum that tells you how to do that)
2. download the voodoo zip, (DON'T rename it to update.zip, as clockwork puts an update.zip on your sd card that is meant to boot into the recovery with)
3. remember where you placed the voodoo zip
4. boot into recovery (power plus both vol up + down)
5. apply the update.zip (the clockwork one) the phone will then boot into CW recovery
6. go to the apply zip from sd card (i can't remember the exact menu name, but it's something to that effect) (also, you navigate clockwork by using volume and selecting with the power button)
7. choose apply zip from sd card
8. navigate to the voodoo zip you downloaded and select it.
that should be it, the phone will boot, and the droid lady will tell you what step it's on, and then you should eventually boot into the OS.