The Extreme Ultraviolet Explorer (EUV E) satellite accumulated similar to1,
000,000 s of public data between 1994 and 1997 for the BL Lacertae object M
arkarian 421. This is the second of two papers in which we present the resu
lts of spectral and temporal analysis of this EUV E data set. We analyze in
the present paper the imaging data by means of power spectrum and structur
e function techniques, while the spectral analysis is presented in a compan
ion paper. We find for Mrk 421 a power spectrum with slope -2.14 +/- 0.28 w
ith a break at similar to3 days. This is the first time that a break in the
power spectrum of a BL Lacertae object has been found. We also find eviden
ce of nonstationarity for Mrk 421 EUV emission.