  Three uninterrupted, long (lasting respectively 7, 10, and 10 days) ASCA
observations of the well-studied TeV-bright blazars Mrk 421, Mrk 501 and PKS
2155-304 all show continuous strong X-ray flaring. Despite the relatively faint
intensity states in 2 of the 3 sources, there was no identifiable quiescent
period in any of the observations. Structure function analysis shows that all
blazars have a characteristic time scale of ~ a day, comparable to the
recurrence time and to the time scale of the stronger flares. On the other
hand, examination of these flares in more detail reveals that each of the
strong flares is not a smooth increase and decrease, but exhibits substructures
of shorter flares having time scales of ~10 ks. We verify via simulations that
in order to explain the observed structure function, these shorter flares
("shots") are unlikely to be fully random, but in some way are correlated with
each other. The energy dependent cross-correlation analysis shows that
inter-band lags are not universal in TeV blazars. This is important since in
the past, only positive detections of lags were reported. In this work, we
determine that the sign of a lag may differ from flare to flare; significant
lags of both signs were detected from several flares, while no significant lag
was detected from others. However, we also argue that the nature of the
underlying component can affect these values. The facts that all flares are
nearly symmetric and that fast variability shorter than the characteristic time
scale is strongly suppressed, support the scenario where the light crossing
time dominates the variability time scales of the day-scale flares.
