On this page it says the orbits "cross" at two locations, or more precisely, which
body is on the outside orbit changes twice per orbit:
La Sagra Observatory discovers very near-Earth asteroid 2012 DA14.
Posted By Jaime Nomen
2012/03/27 05:20 CDT
"The preliminary orbit shows that 2012 DA14 has a very Earth-Like orbit with a period of 366.24 days, just one more day than our terrestrial year. The orbit is nearly circular but just elliptical enough to jump inside and outside of the path of Earth two times per year. Because objects move faster when they are closer to the Sun, the relative motion is similar to some sports races: when the Earth is on the outer track, it is overtaken by 2012 DA14, but when the asteroid crosses Earth's orbit, Earth overtakes it and passes by. It is during the orbit crossings when the closest encounters occur, and when there is potential for a future impact."
http://www.planetary.org/blogs/guest-blogs/3418.html
Does this mean there are two close approaches per orbit? It doesn't necessarily have to be, since where the two orbits "cross" does not mean the two bodies have to be there at the same time. On the other hand because they have similar orbits and therefore similar speeds, if they are close at one "crossing" point, they should be relatively close at the other.
Bob Clark