You can only extend the signal in one direction using one Airport device.
You can use another Airport device to extend the signal in another direction however...
See this Apple doc:
http://support.apple.com/kb/HT4259
Set up: Components of an extended network

➊ Primary Wi-Fi base station (this is the base station connected directly to the Internet)
➋ Extended base station
Configuring a wireless extended network

To create a wireless extended network, you must place any extended Wi-Fi base stations within range of the primary Wi-Fi base station.
Start with the device that will be configured as the primary Wi-Fi base station. Then configure your extended Wi-Fi base stations, ensuring that each is within direct range of the primary Wi-Fi base station.The physical location of extended Wi-Fi base stations will vary according to the building environment and may require some experimentation.
THIS WILL NOT WORK PROPERLY...........
Important Note

If another extended Wi-Fi base station ➋ is placed between the primary Wi-Fi base station ➊ and the extended Wi-Fi base station ➌, the extended Wi-Fi base station ➌ will not allow clients to join it. All extended Wi-Fi base stations must be in direct range of the primary Wi-Fi base station