Abstract
Soft X-ray filtergrams show the presence on the Sun of large numbers of small, closed regions of coronal emission. These features, called 'X-ray bright points' correspond to small, short-lived regions of emerging magnetic flux. As a function of size or lifetime they form a broad spectrum of activity which is continuous with the active regions. The shape of the Sun’s activity spectrum is such that most of all magnetic flux emerging at the surface comes in the form of bright points. From this viewpoint, active regions may be viewed as the long lifetime tail end of the bright point spectrum. Examination of soft X-ray data obtained from 1970 to 1978 shows that the number of bright points appears to be anticorrelated with traditional activity indices such as sunspot number; the anticorrelation persists after corrections are made for obscuration by active regions. Comparison of X-ray data with KPNO magnetograms shows that to within a factor of 2, the average total amount of magnetic flux emerging over the full Sun is constant through the entire period of observation. The solar cycle therefore appears to be more an oscillation in the wavenumber distribution of emerging flux than of the total quantity of magnetic flux produced.