In this paper, we propose a new channel identification technique for long code DS/CDMA DMB down link system which estimate the channel response based on the signal space vector only, unlike the most conventional subspace method relying on the orthogonal property of noise space vectors to the signal space vector. Because of this property of the proposed method, it is optimum and practical in manipulation of the covariance matrix to be analyzed. In the paper, we derive the mathematical expression necessary to clarify the proposed method and show the relevant simulation and numerical results to verify the validity of the proposed algorithm.