Create a shadow reflection for text.
1. Create a new image and add some text to be reflected.
2. Copy the text layer by dragging the layer to the new layer button. Then go to Edit > Transform > Flip Vertical. Now move the text just underneath the original text by using the move tool.
3. Select the text tool and change the color of the reflected text to a grayish color. Then go to Edit > Transform > Skew and move the corners so the reflected text looks slainted.
4. An additional gradient overlay can be added for a better effect if desired.
Once done your image should look similiar to the one below.