I don't think I really had a shedding period either. I've been on propecia since Sept 1, and Rogaine since Dec 1, and no shed from either. But I am judging from the pillow and drain counts. Maybe I am losing hair elsewhere, at work or at the gym. But I don't think so.
Shedmaster, I know the posts from this site suggest that propecia sheds are common, but I read on several sites that only 1/10 really have sheds, and that most of these recover what they've lost. The sites say that shedding is usually a good sign that hairs are about to come up, but that a lack of shed does not mean the drug is not working. That's just what I read.
Good luck to all.