LOL!! That would totaly suck if i were to smell something come from my computer, i think i would have a heart attack, or maby kick it..lol
Ok, i would say as long as you plugged everything in correctly and did not foce anything, then you should be fine.
But i'm not sure how much you know about ems, but you could easily have done in your mobo (motherboard) if you touched it wrong. lol, yes touched. Make sure you are taking the proper precations when handling the computer stuff, specialy when dealing with the power supply.
That said, i was having the same difficulties and my hero Raptor (hehe) said to reset the CMOS settings. This might help, not sure, but its worth a try. There is a battery on your board. Make sure the power is UNPLUGED and take out the small disk shaped battery for about ten seconds or more, then put it back it. Plug all the stuff back in and see if it helped. If not see if there is a jumper that resets your CMOS, my jumper was right next to the battery and was labled. But make sure that it's the correct one. Look up your manual and which one it is. Mine was easy and was on my PC manufactures web site.
www.HP.com or somthing of the sort, just searched for my motherboard and it should step by step instructions on how to do so.
If not, try unpluging everything except the CPU, the CPU fan, the RAM, and the PSU (power supply). If is still doesn't boot up, well *censored*, i don't know, say so ans maybe one of the really smart people will help you... hehehe
Good luck!