Result:
Open a new file in Photoshop. My size is 300x100.
Use any font and type any text.
I took techno-style 911 Porscha font.
Duplicate our layer: Layer-Duplicate Layer.
Click on Move tool
and move our duplicate layer- it'll be our reflection soon:
Let's flip it vertical: Edit-Transform-Flip Vertical.
In the layer window change duplicate layer's opacity to 50%:
You should get something close to that:
Now we will rasterize our duplicate layer, it'll make it editable with Eraser tool.
Right-click on duplicate layer in the layer's window and choose Rasterize Type
Now choose Eraser
, set small size and low it's opacity to 10%:
Go ahead and erase lower parts of duplicate layer.
Hold Shift while erasing to get perfect horizontal and vertical lines :0)
Good job!
More Tutorials: 
