Well there are only two things that can happen IN the combustion chamber that would cause this; 1. No fuel 2. Not enough pressure to ignite the fuel.
So, if you crack the line to check for the miss, and no fuel comes out, look toward the injection pump. otherwise, look the other way.
If the compression is low, it will not ignite the fuel, and I would say look towards a burnt valve, as rings would have to be HORRIBLY smoked to not make enough compression. check your valves, they are supposed to be adjusted regularly on a 12 valve. If they get too tight, the valve never seats, and cannot dissipate heat to the seat, only through the stem. This causes the valve to warp/burn.
If the fuel makes it to the line and your valves have some lash, I would assume the valves are ok, and perhaps you have a stuck injector. A compression test might be helpful if you are taking the injector out, but beware, you MUST use a diesel comp tester as the pressures FAR exceed normal testers. And don't do a "wet" test. The oil will be ignited and could hydrolock your engine (break big stuff).