3D Shadow Text

1 ) Add Text, set color to gray RGB (128,128,128)
2 ) Select transform tool
3 ) set shear , 45-degree shear to the right
4 ) set stretch , shrink down to half
5 ) optional : you can antialias text by using "Blur" effect
6 ) click another non-text layer in layer list, add same text, move it to align their bottom edges

Example :