hot make a reflection of texts? - photoshop tutorial

TEXT REFLECTION:
1. Open a new layer.(Transparent background).
2. Fill the layer color with black color then select elliptical marquee and hold down the "SHIFT" key and drag the marquee.
3. Press "CTRL+ALT+D" to open feather box. Enter 20 pixel value and click ok. Now press delete and deselect the marquee.
4. Press "CTRL+U" or goto image>Adjustment>Hue/Saturation. Hue/saturation palette will be opened.
5. Click colorize and then move the sliders.   
6. Select rectangular marquee and drag the marquee below the circle and goto Layer>New>Layer via copy or press "CTRL+]".
7. Now select type tool and type something over the rectangular base. "ALT+DRAG" to copy text.
8. Select copy text layer>right click>rasterize.
9. Then goto Edit>transform>flip vertical. Finally press "CTRL+T".
10. Right click and select perspective and slowly move the mouse. You can use blending option too.
11. If you want to place a photo below the circular area, you have to place a photo at last layer.