We present the results of a new excitonic formalism for the treatment of ultrafast dynamics in asymmetric semiconductor multiple quantum well structures. The method is infinite order in the optical field, with truncation of the infinite hierarchy of dynamical equations being accomplished via a factorization of six-particle correlation functions into a product of twoand four-particle ones. We use this formalism to calculate the THz emission and degenerate four-wave mixing signals from biased semiconductor superlattices under different excitation conditions. We present a number of density-dependent effects that demonstrate the central role that the intraband polarization plays in determining and modifying the nonlinear ultrafast response of the system.