Sure - Fiddler will capture all traffic through WinINET. You can also capture local traffic if instead of http://localhost:NNN you use http://ipv4.fiddler:NNN as your server (where: NNN is the port you are connecting to).
I do not believe (or at least did not find a way) that Fiddler only fixes a specific port for a specific host (for example, capturing only port 81 on a local host instead of capturing all ports on a local host).
NTN!
David hoerster
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