You can't "select" as such, but you can brush on adjustments locally within an image, which may allow you to accomplish the same effect? There's a brush tool shown underneath the image (by default), which you can click on and select the type of adjustment you'd like to brush on. It'll then give you a popup box to change brush settings, and the values for the adjustment you're brushing on will be added to the "adjustments" toolbar on the left.
David