This is a possible solution
<a id="link" href="#" title="home">HOME</a>
var array = [];
array.push("home");
array.push("away");
array.push("there");
array.push("there");
array.push("back");
array.push("moon");
array.push("stars");
var link = document.getElementById("link");
var index = 0;
var length = array.length;
var period = 1000; // miliseconds
var id;
function changeLink() {
index += 1;
if (index >= length) {
index = 0;
}
link.textContent = array[index].toUpperCase();
link.title = array[index];
}
id = setInterval(changeLink, period);
on jsfiddle