If you're talking about the ability to use asterisks for bullets and such, in that mode StackOverflow's editor uses something called "Markdown".
Here's one example of someone trying to make a markdown-based textarea with preview in Extjs:
http://www.sencha.com/learn/Extension:Ext.ux.MarkdownEditor
If you look around for other Markdown-related editors, you might find some ideas. If you're instead looking for just an "Online Rich-Text Editor" there's plenty of those.
UPDATE 29-APR-2014: There's actually a project you should take a look at. It's called "StackEdit":
https://stackedit.io
It's an open source initiative to supply a markdown editing component. Not ExtJS based, but those who find this question may be interested in what they are doing it.
(I discovered it through one of SO's open-source-recruiting sidebar campaigns; advertising can be useful, apparently.)