Step 1: Concept
The equation $|z - z_1| = |z - z_2|$ represents the perpendicular bisector of the segment joining $z_1$ and $z_2$.
Step 2: Meaning
Here, $z_1 = -1 + i$ (Point: $(-1, 1)$) and $z_2 = 1 - i$ (Point: $(1, -1)$).
Step 3: Analysis
The midpoint of $(-1, 1)$ and $(1, -1)$ is $(\frac{-1+1}{2}, \frac{1-1}{2}) = (0, 0)$.
The slope of the segment joining them is $m = \frac{-1-1}{1-(-1)} = -1$.
The slope of the perpendicular bisector is $m' = -1/m = 1$.
The equation is $y - 0 = 1(x - 0) \implies y = x$.
Step 4: Conclusion
$y = x$ is a line passing through the origin and quadrants I and III.
Final Answer: (A)