You might've downloaded the out-dated version of the rooting software; what version number does your CWM say at the bottom of your screen? If it's 5.xxx instead of 6.xxx, you should download Neph's bootloopfix.exe (link is somewhere in the forums) and put it on your SD card, then use CWM's "install from .zip" option to run that file.
Alternatively, you could download the updated AllInOne root package from PlayfulGod and install that, but I don't know if that'd cause any problems as I've never done it. The upside though is that it contains the newest version of CWM.
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