The Goat represents Capricornus, the Water-Goat. In other words, he is the Fallen Sun, fallen from the supreme position down into the seas, into the infernal depths of the great abyss.
Greek myths tell how Pan, during the war of the gods with Typhon and his hosts, assumed the shape of a goat (Capricornus), and jumped into the Nile river in order to escape the fearful giant. In other versions, the god is substituted by Eros and Aphrodite who become the fishes of Pisces, in the Zodiac. Here, the allegory of the death by drowning of the twin Atlantises commemorated by the goat and the horse is even more transparent. And the story is cribbed verbatim from the myth of Matsya and Matsyâ (the male fish and his female), which is a celebrated motif in India from the dawn of times, as we comment in more detail further below.
Of course, the fall of Pan is an allegory of the fall of the Celestial God who, from a mountain goat a dweller in the summits fell into the seas, and became a sort of fish or marine deity. Capricornus is the makara, the Hindu sea monster that causes the Flood. The makara (or sishumara) is a sort of dolphin or sea monster. It is the same as Matsya, the fish avatar of Vishnu. Matsya personifies Paradise or rather, Lanka, the Hindu archetype of Atlantis fallen from the skies, from the Celestial heights of Mt. Meru, into the ocean, where it disappeared forever, turned into Hell.
But the makara is also Kama, the Hindu love god who was the archetype of Eros-Cupid. Kama is also the son and lover of Rati. And Ratio is an alias of Aphrodite, the mother and lover of Eros, his Greek counterpart. As we see, the Greek myths are not only a close copy of the Hindu ones. They also have the same esoteric, initiatic meaning. They relate the death of Atlantis and its Lemurian Mother in the primordial cataclysm that we call by the name of Flood. The two animals image the twin Atlantises fallen from the skies from the summit of Mt. Atlas, the Pillar of Heaven and subsequently drowned in the ocean.2