Open a new document in photoshop with a size of 720x480 and make the background black. Type in your text and make it white for now. Name the new text layer "alien text" in the layers palette, .
You can then change the text and/or color to whatever you want. Experiment with your own blending options, dont be afraid to take chances. Here's the finished product of this simple tutorial:
3.0 3D 3ds Add Adjustments Adobe Ajax Ball Biped Blur CS3 CS4 Cart Change Cinema Clip Colorize Custom Digital Dreamweaver Eclipse Editor Extended Extract Flv Frame GRADIENT HTML Illustrator Image Interface Java Javascript Layer Learn MIDI Max Menu Microsoft Modeling Modifier Paint Photo Photoshop Player Polygon Poser Premiere Reflection SEO STYLES Shape Shopping Smart Studio Text Texture Texturing Using Video Watercolor action actionscript adjustment after align animate animated animating animation animations apple application audio background basic basics black blend border brush button camera character class clone color colour command contrast create css cut data database design drawing edit effect effects elements engine excel export exporting expressions eyes file filter filters final fireworks flash flex footage form framework free function gallery glass google guide help home how images in indesign jquery language layers lens library light lighting logo looping mac macromedia makeover marketing mask masking masks maya mesh model motion movies music mysql noise object objects optimization over panel photography photoshopmama php plugin polygons portrait pro professional rascal999 raw retouching saturation screen script search select server shadow sharpen site skin smoke smooth spielvan table thelittlephotoshop time tips to tool tools turkish tutorial tutorials tween vector warp web website white windows xml