Punctuation loading "animation", javascript?

I'm looking for a good way to display some punctuation loading "animation".

What I want is something like this:

This will display at second 1: "Waiting for your input."
This will display at second 2: "Waiting for your input.."
This will display at second 3: "Waiting for your input..."
This will display at second 4: "Waiting for your input...."
This will display at second 5: "Waiting for your input."
This will display at second 6: "Waiting for your input.."
This will display at second 7: "Waiting for your input..."
This will display at second 8: "Waiting for your input...."

And so on.

I started by surrounding the dots in spans and thought I could loop through them with jquery and display one more, one more, one more, then reset to 1. But the code got very clumsy, so I wonder how you would do this?